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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

Low Hydro Causes Manitoba to Import Power

LCG, Dec. 16, 2003--The worst drought to hit the Canadian province of Manitoba since 1988 has seriously cut into the amount of hydropower available to serve local demand.

Prolonged dry conditions and the increasing export of power to neighboring areas has led the utility Manitoba Hydro to begin importing power for the first time in over a decade. Purchases of power have exceeded sales by about nine-hundred thousand megawatts for the past six months. Local generation is at 60 percent of normal, according to spokesman Glenn Schneider.
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