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

China Expands Nuclear Capacity by Over 100%

LCG, February 6, 2003-The Republic of China brought a significant amount of new nuclear generation into operation last year, more than doubling the country's nuclear power capacity.

Four generators came on line between April 2002 and February 2003, adding up to 2,300 megawatts of capacity. Prior to their construction, China had 2,100 megawatts of nuclear capacity.

Atomic Energy of Canada Ltd. provided the reactor for the Qinshan Phase Three project, in the province of Zhejiang. Chinese producers made the reactor for Qinshan Phase Two.

Framatome ANP, a subsidiary of France's Areva and Germany's Siemens AG, provided the two reactors installed at the Ling'ao site in the province of Guangdong.

Officials project that the country will have 9,000 megawatts of nuclear generation by 2005.

China has both uranium and plutonium mines within its own borders.

Last year the government of China began breaking up the state power monopoly, splitting the country's energy assets into distinct companies.

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