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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

Russia Will Continue With Iranian Nuke Project

LCG, July 29, 2002-Russia will build nuclear reactors in Iran, despite Bush administration opposition.

Russian construction of a nuclear plant near Bushehr has been delayed for years, and the Bush administration had repeatedly requested that Russia back out of its agreement to build the Gulf coast plant.

However, Prime Minister Mikhail M. Kasyanov approved plans for Iranian nuclear development last week. Long-term plans include building as many as 6 reactors at the Bushehr site and one other site. These plans contradict earlier assertions that Russian participation would end with the Bushehr plant.

Russia has an $800 million contract to build one reactor at the Bushehr site, signed in 1995, and over 1,000 Russian engineers and technicians are involved with the project.

U.S. officials fear that nuclear technology will be turned to military applications, and the new plans may stress relations between the Russian and U.S. governments.

Russia also plans to be involved in oil and gas development in Iran, including the construction of gas pipelines.

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