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

Guilty Plea Submitted in Gas Data Reporting Case

LCG, Dec. 11, 2003--A former El Paso Corp. vice president, Todd Geiger, pleaded guilty today in federal district court in response to charges of false reporting of natural gas trading data to an industry publication.

Geiger's plea covered one count of falsifying data, out of hundreds of falsely reported trades that were alleged in a statement submitted to the court by Assistant U.S. Attorney John Lewis. The data in question was provided to Inside FERC, a publication of Platts, which is owned by McGraw-Hill Cos.

Mr. Lewis said before Judge Nancy Atlas, "We plan to work with Mr. Geiger as we continue our investigation into false reporting to trade journals." Geiger, who is cooperating with investigators, was first indicted last year in the matter of trade data reported in 2001. According to George Murphy, Jr., who represents the 39-year-old Geiger, his client "has documented a number of calls to Inside FERC complaining about fraud and manipulation of the index."
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