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

Sempra Subsidiary and Dynegy Unit Strike Liquified Gas Deal

LCG, February 18, 2003-Newly conceived Sempra LNG Corporation will give $20 million to Dynegy Midstream Services L.P. in an initial payment to purchase the Hackberry liquefied natural gas project.

The total development costs for the Louisiana facility are expected to be around $700 million. The plant will have a 1.5 billion cubic feet per day capacity and a storage capacity of 10.4 billion cubic feet.

The Hackberry project must still meet antitrust approval but has received the preliminary OK from the Federal Energy Regulatory Commission. The project is expected to begin operations in the beginning of 2007.

Sempra Energy Internation has also proposed a Mexican LNG project in Baja California, some 14 miles north of Ensenada. This project, if completed, would bring another 1 billion cubic feet per day in capacity.

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