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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

California PUC Adopts GHG Emission Performance Standards

LCG, January 26, 2007--The California Public Utilities Commission (PUC) yesterday voted unanimously to adopt an interim Greenhouse Gas (GHG) Emissions Performance Standard in order to reduce emissions believed to cause global warming. The new standard is designed to block California utilities from importing power from coal-fired power plants located out-of-state.

The Emissions Performance Standard was set in motion by the passage last fall of Senate Bill (SB) 1368, which prohibits load-serving entities (investor-owned utilities, energy service providers, and community choice aggregators) from executing new, long-term agreements for baseload generation unless they complies with a GHG emissions performance standard (EPS).

Specifically, the emission level of the baseload generation facility must be no greater than that of a combined cycle gas turbine plant, and that level is established at 1,100 pounds of CO2 per MWH. The long-term agreement refers to (a) new construction, (b) new (or renewal) contracts with a term greater than or equal to five years, or (c) major investments by the utility in its existing baseload power plants.

The PUC's new, interim standard is applicable to Pacific Gas & Electric, Southern California Edison, and San Diego Gas & Electric. It is expected that the California Energy Commission will define an EPS for municipal utilities in California.

Last September, California Governor Arnold Schwarzenegger approved Assembly Bill 32, or the "Global Warming Solutions Act of 2006," which includes a statewide cap on GHG emissions from electric utilities, refineries, and other selected industries. The goal is to reduce GHG emissions 25% by 2020 in order to alleviate concerns of global warming that may be caused by such emissions. The legislation is scheduled to be implemented in 2012. The PUC's standard adopted yesterday will serve as an interim measure prior to the development and implementation of the rules envisioned in the Global Warming Solutions Act of 2006.
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