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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 Plant Seen in Indian State

LCG, Jan. 27, 2004--Six months after legal reforms governing the power sector were instituted in India, the country's Reliance Industries has announced it is considering construction of a 3,500-megawatt power plant.

One of the main features of the act that appears to have prompted the plans for the state of Uttar Pradesh is the status it gives to state electricity boards, which have shown difficulty in returning dues owed to private investors, including Enron in the early 1990s. The managing director of Reliance Industries, Anil Ambani, said, "We would not have made this investment if we were not confident that Uttar Pradesh is committed in a durable fashion to a genuine reform of its power sector."

Uttar Pradesh, in northern India, has over 40,000 villages that do not have electricity. Theft and poor efficiency are serious problems in areas that do have power supplies.
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