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

SMMPA to Purchase Energy from 100-MW Wapsipinicon Wind Project

LCG, April 16, 2008--The Southern Minnesota Municipal Power Agency (SMMPA) executed a 20-year, power purchase agreement (PPA) for the energy produced by Wapsipinicon Wind Project LLC., a subsidiary of enXco. The project is scheduled for completion by the end of this year.

The Wapsipinicon Wind Project will be built approximately 90 miles south of Minneapolis in Mower County, Minnesota. The project will include 67 GE wind turbines, each with a capacity of 1.5 MW.

Minnesota adopted a Renewables Portfolio Standard (RPS) for utilities last year that sets rising renewable energy targets of 12% in 2012 up to 25% in 2025.

According to the American Wind Energy Association, Minnesota now ranks third in the United States with respect to wind power generating capacity of 1,299 MW. The top two states are Texas and California, with 4,356 MW and 2,439 MW, respectively. Nationwide, over 5,200 MW of new wind generating capacity was installed last year.

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