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

Virginia City Hybrid Energy Center Achieves Major Project Milestone

LCG, November 16, 2011--Dominion Virginia Power, a subsidiary of Dominion, announced that it started one of two boilers last Thursday at its Virginia City Hybrid Energy Center in Southwest Virginia. Construction on the 585-MW, baseload power project began in June 2008, and the facility is scheduled to commence commercial operations by next summer.

"First fire is a major milestone for the Virginia City project and signifies a shift from construction to a station focused on excellent operations," stated the chief executive officer of Dominion Generation, which operates power plants for Dominion Virginia Power.

The Virginia City Hybrid Energy Center includes two circulating fluidized bed (CFB) boilers designed to burn coal, waste coal and up to approximately 20 percent biomass (wood chips). The estimated cost of the project is $1.8 billion.

A condition of its air emissions permit is that Dominion will convert the oldest-coal burning power station in its fleet from coal to natural-gas, which will result in significant net reductions in various air emissions, including carbon-dioxide.

Dominion has made a commitment to have 15 percent of its electricity come from renewable sources by 2025.
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