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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

Calpine Geothermal Plants to Support Reliability in California

LCG, Feb. 26, 2003--An agreement between Calpine Corp. and the California Independent System Operator will allow the grid operator to dispatch over a dozen geothermal plants owned by Calpine to maintain grid reliability.

The agreement governs 13 of its 19 Geysers generating units in Northern California, and will provide Calpine revenue from $40 million to $45 million each year for 2003, 2004 and 2005. The generators will be designated "reliability-must-run" resources.

The units may also be used to produce power for the ISO at a contracted price, or for other buyers.
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