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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

Gov. Pataki Suggests Bond Agency to Support Power Infrastructure

LCG, Sept. 17, 2003--New York Governor George Pataki has put forward a plan supported by the state Senate and opposed by the House that would assist private companies by issuing bonds for the purpose of supporting generation and transmission projects.

Pataki, a Republican, said in a statement that "this common sense proposal will encourage improvements and investment in New York's energy infrastructure well into the future."

Opposition to the bill in question is based on provisions that would streamline the process for public comment, according to Democrats in the House. The New York Public Interest Group said that under the bill, "the public's voice is needlessly silenced."

According to Steve Mitnick, the chief executive officer of a company with plans to build lines that would carry power between upstate New York, New England, Canada and New York City, which has not had growth in generation commensurate with growth in demand, government funding will not be used. Conjunction L.L.C. hopes to complete the lines, with 2300 megawatts of capacity, by mid-2006, at a cost of $750 million. Mitnick said that the flows into New York City could account for one-quarter of the city's needs.
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