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

Bush Signs Yucca Mountain Bill

LCG, July 23, 2002-Today President Bush made the Yucca Mountain into a national nuclear waste dumpsite, signing the bill regardless of considerable protest from Nevadans.

Yucca Mountain has been considered a possible repository for the nation's high level radioactive waste for over twenty years.

Some Nevada residents and environmentalists contend it has been the only site seriously considered and researched in that time.

In any case and despite a visit to the nation's capital by Nevada's governor, plans are to open the site by 2010. Nevada filed a formal protest earlier this year after President Bush announced his support for it, but both the U.S. Congress and Senate voted to utilize the site.

Yucca Mountain will accept some pre-existing 77,000 tons of radioactive waste, which is currently stored in 39 states across the country.

Opponents have cited safety concerns regarding the transportation of high level radioactive waste, although Energy Secretary Spencer Abraham has insisted that strict safety measures will ensure acts of terrorism or accidents will be avoided.

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