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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

Hurricane Isabel Leaves over 600,000 Without Electricity

LCG, September 18, 2003More than 638,000 people in North Carolina and Virginia lost power Thursday, when Hurricane Isabel struck.

The storm knocked over trees and snapped power lines, taking out electricity service in North Carolina and Virginia. More power outages are expected as Isabel continues on its path.

The storm has also caused 1,500 flights along the East Coast to be cancelled, and the eye came ashore at 2 pm EDT this afternoon, bringing gusts of up to 105 mph.

Many services in the Washington, D.C. area have also been shut down. The airport, subway, and Amtrak were closed in anticipation of the storm.

Duke Power, Dominion Virginia Power and Dominion North Carolina Power are among those that supply electricity to the affected region.

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