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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

Texas Utilities Claim PUC Not Responding to Rate Rules

LCG, July 25, 2002--Rate increase requests filed by major Texas utilities two weeks ago are legally justified under the rules for deregulating the Texas electricity market, the utilities say.

The companies, which include Reliant Resources and its energy provider Reliant Energy, TXU Corp., and units of American Electric Power, are seeking a court ruling to bring about rate changes based on increases in the cost of natural gas. When the rate filings were made, the Public Utilities Commission (PUC) referred the filings to the State Office of Administrative Hearings.

At issue are rules meant to cover a transition period for the deregulated Texas market, which allow adjustments in rates up to twice per year. A 4 percent increase in 12-month gas prices, or changes in the cost of power purchases, are supposed to form the basis of rate changes.

Reliant, which is seeking a 5.8 percent rate increase, says the difference between wholesale and retail prices is costing it $500,000 per day. CPL Retail Energy and WTU Retail Energy, under American Electric, argue that by not granting the requests, the PUC will discourage market entrants. Unregulated players see the regulated utility rates as the price they have to beat to offer customers a competitive alternative. The PUC is planning to receive a response to the filings from the State Office of Administrative Hearings by September.
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