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

Calpine Builds Momentum for Bay Area Power Plant

LCG, January 9, 2007--Calpine Corporation (Calpine) announced Friday that it has executed a ten-year tolling agreement with Pacific Gas & Electric Co. (PG&E) for the Russell City Energy Center, a proposed 600-MW, electric generating station to be built near Hayward, California. Calpine plans to commence construction of the gas-fired facility by spring 2008, with commercial operations to start by June 2010.

The Russell City Energy Center was proposed in 2001, but California's energy crisis and Calpine's subsequent financial challenges put the project on hold. Now the energy outlook has changed, and California's demand for electricity is growing.

Calpine sold a 35 percent equity interest in the plant to General Electric Energy Financial Services in the fall of last year, with Calpine retaining 65 percent ownership.

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