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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

Energy Legislation Could Reverse 70's-Era Law

LCG, Sept. 23, 2003--Owners of cogeneration plants that produce electricity as well as steam for manufacturing and industrial processes are lobbying for the preservation of the Public Utilities Regulatory Policies Act (Purpa), crafted in the '70s, that requires utilities to purchase cogenerated power.

Sen. Pete Domenici and Rep. Billy Tauzin are siding with a large group of utilities that want to see the end of Purpa, under which rates for cogenerated power are regulated. Oil refiners and chemical companies with cogeneration plants have acknowledged that in some instances, utilities may have paid more than necessary for power under Purpa, but they contend that the plants are efficient as intended, and that getting rid of the requirement will not necessarily lead to lower power prices for utilities and consumers.

The amendment developed by Domenici would not result in an across-the-board shift away from Purpa, but allow the Federal Energy Regulatory Commission to determine in which markets a competitive wholesale market could benefit energy purchasers. ExxonMobil, which supports Purpa, believes that both existing and future cogeneration plants could be stifled if the amendment is passed. Purpa was signed into law when foreign oil imports and energy supplies became a national concern.
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