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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

City of Davis Considers Leaving PG&E for SMUD

LCG, February 4, 2003-City officials of Davis, California are thinking about changing the city's utility from Pacific Gas and Electric Company to the Sacramento Municipal Utility District (SMUD).

Davis, an agricultural city of roughly 65,000, is located 15 miles west of Sacramento and is home to the University of California, Davis, which adds an additional 25,000 in student population.

City officials plan to talk with SMUD directors about the possibility of obtaining service through SMUD, although Davis has received electricity from PG&E for over 100 years.

City officials will likely commission a study regarding a switch and its possible benefits in terms of reliability and retail electricity prices. According to John DiStasio, SMUD assistant general manager for customer service, a study will take between six and nine months.

Several cities in California have looked elsewhere for power services lately; San Francisco has seen increased interest in public power and several initiatives were put forth last year.

PG&E Co. filed for bankruptcy in 2001 after discrepancies between wholesale power prices and retail caps pushed the utility into the red. PG&E is currently in bankruptcy court, awaiting the approval or denial of its plan to divide its assets among four companies, three of which would fall outside of state regulation.

SMUD was created in 1923, but 11 years of fundraising and 12 years of litigation with PG&E over transmission line costs prevented it from becoming an operating utility district until 1946. SMUD is community-owned and delivers electricity to over 530,000 customers in Sacramento County as well as some of Placer County.

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