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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

PG&E Starts Construction of Power Plant in Antioch

LCG, January 25, 2007--Pacific Gas & Electric (PG&E) announced yesterday that construction has commenced at its Gateway Generating Station, located in the Bay Area near Antioch, California. The gas-fired power plant will have an electric generating capacity of 530 MW.

PG&E completed the acquisition of the partially built facility in November of last year as part of a settlement agreement with Mirant related to claims of market manipulation. The facility was previously known as Contra Costa Unit 8.

PG&E plans to invest an additional $370 million to complete the project, and commercial operations are scheduled to start in 2009.

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