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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

Heat Wave in Northeast May Trigger Blackouts

LCG, July 29, 2002-Weather in the Northeast is predicted to yield temperatures over 90 degrees all week long, to the detriment of electricity service.

Air conditioning in the summer is about a third of total electricity use in the region.

Transmission and power plant construction has not kept up with population growth in New York City and Connecticut, and the limited supply in these areas might bring brownouts or blackouts this week. The forecast for New York City is 96-97 degrees.

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