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

Another NYC Plant Catches Fire

LCG, July 30, 2002-The transformer at the 1,254 MW Astoria power station, owned by Reliant Resources, caught fire on Monday night at about 11:30.

The second transformer fire in New York City this month initially caused safety systems at the plant to shut down two generating units, although eventually all four units went off line. 5,000 Consolidated Edison customers lost electricity service for a few hours.

Electricity demand is expected to be very high in New York City this week because of high temperatures, and plant operators managed to bring all four units back on line in time for the afternoon's peak demand.

No injuries were reported, and a small amount of oil leaked into the East River.

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