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

Wind Farm Announced for Southwest Alberta

LCG, Dec. 16, 2003--A 68-megawatt wind power project has been announced by Vision Quest Windelectric, a subsidiary of the TransAlta Corporation, with construciton to begin immediately.

The addition of the Summerview Wind Farm to TransAlta's renewable energy portfolio would boost the company's renewable generation by about one-third. Roughly half of TransAlta's renewable generation will then come from its geothermal site in California, in which it maintains 50 percent ownership. Summerview will be located outside Pincher Creek, Alberta, and contracts are now under discussion with potential purchasers of the farm's output.

Summerview is targeted for completion by July 2004, and will include 38 Vestas V80, 1.8 MW turbines. "Summerview takes us one step closer to our long-term target of ten per cent of capacity from renewable energy," said Steve Snyder, TransAlta president and chief executive officer.

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