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

Maryland’s Cove Point to Receive Liquified Natural Gas Deliveries

LCG, September 9, 2003Tractabel LNG North Americahas agreed to deliver 36 million MMBtu, or about 34billion cubic feet, of liquefied natural gas per yearto Statoil Natural Gas LLC at the Cove Point facilityin Maryland.

Cove Point was reactivated this August as thethird open access liquefied natural gas (LNG)terminal in the United States. Cove Point will beginreceiving LNG October 1, 2003, and most supply isexpected to come from Trinidad.

Statoil Natural Gas LLC will receive 40 percent ofits capacity rights by this arrangement, and TractabelLNG will supply the company for 3 years.

Tractabel LNG North America, based in Houston, isa subsidiary of Brussels-based Tractabel Electricityand Gas International.
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