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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

Evergreen Applies for Permits for Maine Wind Farm

LCG, Jan. 28, 2004--Following its testing of various potential locations for a wind farm, Evergreen Wind Power LLC applied for the right to construct thirty-three turbines on Mars Hill Mountain in Maine's Aroostook County, Bangor Daily News reports.

The town of Mars Hill was listed as a co-applicant on the project, which Evergreen anticipates could begin producing output by November 2004. If the 1.5-megawatt turbines are built, Evergreen would pay $100,000 per year in rent to landowners. Tax revenue paid to the town could double. A possible stumbling block is the yet-to-be-decided reauthorization of a federal tax credit for wind energy. Without the credit, funding for the project from Fortis Capital Corp. would likely dry up.

If the wind project at Mars Hill is built, Evergreen would consider following it up with other installations. Of those locations that have been tested for wind speeds, Mars Hill was found to offer the best site.
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