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

Avista Found Not to Have Manipulated Market

LCG, Feb. 3, 2002--Federal Energy Regulatory Commission staff filed an agreement with the agency Thursday, made with Avista Corp., that is intended to close an investigation into energy trading in which Avista subsidiaries participated in 2000 and 2001.

The filing will be subject to a 30-day period for public comment, supervised by FERC Administrative Law Judge Curtis Wagner, Jr. After the comment period, Wagner may certify the agreement for final approval by FERC commissioners.

The trading at the center of the investigation also included Enron Power Marketing Inc. and Portland General Electric Co. as participants. FERC staff determined that no intentional manipulation of the market was committed by Avista traders working for Avista Utilities or Avista Energy.

FERC made suggestions in the filing as to how Avista can improve its procedures for recording trades in real-time markets, settling trades in dispute, and train its traders, who the agency said should be part a clear chain of command whenever uncertainty exists. It also cited the company's "overall cooperative" engagement and assistance in the investigation.
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