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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

Enron Barred from Trading on California Grid

LCG, Feb. 12, 2002--The California Independent System Operator yesterday prevented further trading by Enron Corp. through the market overseen by the grid manager, for posting less collateral than required and underreporting its trade volume.

"Enron cannot make payments based on speculation or guesses," Enron said in attempting to explain why it apparently underreported by up to $50 million how much power it bought and sold. The bankrupt company said that meter readings concerning service to retail customers and wholesale trade had been incorrect, based on errors by the company responsible.

A disagreement had arisen over the amount of collateral Enron should have provided the ISO, after Enron did not give specific trade volumes to the ISO. Enron does not in fact have retail customers of its own anymore, but ceded them to established utilities.
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