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News
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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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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
January Gas Shortage in New England Under Investigation
LCG, Jan. 27, 2004--A shortage of natural gas and simultaneous high power prices that occurred in New England in mid-January are the subject of an investigation by the Federal Energy Regulatory Commission's Office of Market Oversight and Investigations, division Director William Hederman, Jr. told Connecticut officials.The investigation will try to establish whether the reason for the elevated power prices and tight power supplies was based in market fundamentals alone, or whether other factors contributed. The FERC investigation was prompted by a request by Connecticut Attorney General Richard Blumenthal. Blumenthal has been investigating the possibility that power generators chose to sell gas at high prices rather than use it to generate electricity.The ISO New England, which manages the regional power grid, had warned on Jan. 15 that it was prepared to trigger rolling blackouts if a failure on a line or at a generator made it necessary. The warning was dropped the next day, when the number of available units rose. Blumenthal stated last week that the ISO could have created conditions that led to fewer generators being available. In a statement, the ISO asserted that it had done everything possible to ensure availability of power supplies, although rules that permit generators to sell gas if the plants are not needed for reliability are under review.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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PowerMax
Day-ahead and real-time portfolio revenue optimization
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Generator X
Generation and Transmission Planning and Optimization
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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MarketWatch
Annual summary of prices, congestion and important events in ERCOT
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