Federal Government uses UPLAN model to examine price volatility in ERCOT

LCG, October 11, 2022--The U.S. Energy Information Administration, or EIA, released its latest supplement to the Short-Term Energy Outlook (STEO) in the Texas market, assessing various possible scenarios using LCG’s UPLAN NPM model, with a special focus on the effects on wholesale power prices and market conditions.

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Michigan Governor Supports Reopening Palisades Nuclear Facility

LCG, September 16, 2022--The Governor of Michigan last week sent a letter to the U.S. Department of Energy (DOE) in support of Holtec International’s application for a federal grant under the Civil Nuclear Credit (CNC) program to save the Palisades Nuclear Facility in Southwest Michigan. The federal grant could result in restarting the baseload, carbon-free, nuclear power plant.

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Industry News

Peruvian Privatization Woes Lead to Director's Resignation

LCG, July 22, 2002-Peru's executive director of privatization resigned as the sale of government electricity assets has been repeatedly delayed.

Ricardo Vega Llona, who resigned once before in late June, resigned for good. Alberto Pasco-Font has taken his position as executive director.

The Peruvian government postponed the sale of state-owned energy companies Egasa and Egesur several times because of public outcry and fears on the part of the purchasers. Belgian energy company Tractabel won the bidding on Egasa and Egesur, but the final sale was postponed in the midst of widespread riots in southern areas of Peru.

Peru decided to sell government assets this year in order to raise $700 million, but Vega Llona contends that the privatization will not yield the expected cash.

Now government officials say that Egasa and Egesur, along with some other assets, will not be sold until after elections in November.

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