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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

Power Being Restored in Pacific Northwest

LCG, Jan. 8, 2003--Over 150,000 power utility customers in the Pacific Northwest who lost electricity following an unusually harsh succession of winter storm are again able to turn on the lights, according to utilities in Washington and Oregon.

Snow and freezing rain caused outages for 260,000 homes and businesses at the peak impact. Dorothy Bracken, a spokeswoman for Puget Sound Energy in Bellevue, Washington, told Reuters, "Our weather conditions are very good today to be able to get this restoration work completed." The utility restored power to 100,000 out of 125,000 who had lost power.

The same weather that shut down airports due to slick runways inflicted damage on power lines. Last night new outages were caused in some areas even as crews made progress with previously downed lines. Portland General Electric had 30,000 outages remaining early today, down by about half of the original total.
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