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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

Russian Aluminum Company Invests in 3,000 MW Plant

LCG, July 22, 2002-OAO Russian Aluminum, also called Rusal, and Russian state electricity company RAO Unified Energy System (UES) will work together to build a Siberian hydroelectric plant.

The Boguchanskaya hydroelectric plant will be built in Krasnoyarsk with a $10 million investment from the aluminum company, although Rusal's possible holdings in the project have not been disclosed. UES holds 80 percent of Boguchanskaya.

Aluminum smelting requires a lot of electricity, and energy-related costs are 30 percent of total production cost.

UES and its subsidiaries have been signing agreements with other industry giants, including oil companies OAO Yukos and OAO Sibneft.
UES assets are being separated into generation, transmission, and distribution bodies as part of large-scale electricity market reform in Russia.

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