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

GE Generator Unit Scales Back Capacity

LCG, July 26, 2002--Based on its forecast of a decrease of 80% in orders for and production of gas turbines, GE Power Systems will reduce its workforce by 2,500 over the next nine months.

Power Systems' president and chief executive officer John Rice said, "We have always made it clear that, after several years of exceptional growth, our turbine business woud at some point return to more normal order levels, and it is."

Some manufacturing that had been based in Pensacola, Fla., will move to Schenectady. A type of wind turbine blade will be produced there for the Wind Energy business.

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