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

Gas Discovery Made in British Columbia

LCG, July 25, 2002--A gas exploration venture in eastern British Columbia has yielded a discovery in the Monkman area, the oil and gas producer Talisman Energy announced Thursday.

The other partners involved are Anadarko Candada Corp., National Fuel Exploration Corp., and Oiltec Resources Ltd. A well tested to a total measured depth of 4,801 meters is predicted to produce between 15 million to 37 million cubic feet per day, and is scheduled to begin production by September.

Talisman president and chief executive Jim Buckee stated in a release that the well in Monkman, the first in the region, will be followed by more wells this year and next. "Although an extensive exploration program will be required, we believe currently identified locations could contain more than one trillion cubic feet of unrisked reserves," he said.
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