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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

Transformer Fire at Manhattan Plant Causes Outage

LCG, July 22, 2002-On Saturday a transformer at a Manhattan power plant caught fire and created power outages for several hours.

Firefighters and police announced a "Level 3" alert in response to the incident, but plant officials determined that the fire was not caused by an explosion and that there was no sign of possible terrorist activity.

Power was restored to the 63,500 affected customers by 8:15 pm, less than 8 hours after the fire was first detected.

Some subway services and businesses were shut down in Greenwich Village and Lower Manhattan, and some 500 firefighters and hundreds of police showed up at the plant fire.

The plant, owned by Consolidated Edison, sustained no serious damage in the fire.

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