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

Wind Turbine Manufacturers Stress Need for Congress to Extend the PTC

LCG, April 23, 2008--Representatives of four of the largest wind turbine manufacturers spoke Monday at a meeting organized by the American Wind Energy Association (AWEA) to highlight the need for Congress to proceed rapidly and extend the renewable energy production tax credit (PTC).

Historically, Congress has frequently acted at the last minute to extend the PTC or even let the PTC lapse in some years. The impact has been a boom-bust cycle for the wind industry in the U.S.

Representatives of GE Energy, Gamesa, Siemens and Vestas outlined their justification for quick action by Congress to extend the PTC, which is now set to expire December 31, 2008. The PTC provides an incentive of approximately two cents per kWh generated to renewable energy facilities, including wind, as well as closed-loop biomass, solar, and geothermal facilities. The incentive is available for a period of up to ten years, given the facility commences operation prior the expiration of the PTC.

Representatives of the wind turbine manufacturers touted the growing wind industry in the U.S. and the need to support it. According to the press release, the wind energy industry has created 45,000 jobs for Americans, including 10,000 new jobs in 2007. Furthermore in 2007, six new wind manufacturing plants opened in 2007, and plans for eight more were announced.

With regards to actual installation of renewable energy facilities, approximately 5,200 MW of wind generation was installed last year, setting a new record. At the end of 2007, the total installed capacity in the U.S. was 16,818 MW.

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