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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

Construction Begins on Kawailoa Wind Project in Hawaii

LCG, February 27, 2012--Construction has commenced on the 69-MW Kawailoa Wind Project on Oahu's North Shore. The project, scheduled to deliver power to the grid in November, will be the largest wind farm in Hawaii. The project developer, First Wind, has a twenty-year power purchase agreement (PPA) with Hawaiian Electric Company (HECO) for the power generated from the wind farm.

The Kawailoa Wind Project includes thirty, 2.3-MW Siemens wind turbines that will be installed on Kamehameha Schools' Kawailoa Plantation.

Hawaii's Senator Akaka stated, "This groundbreaking for Kawailoa Wind is an historic occasion for Hawaii because, as the largest wind project ever in the state, it will harness enough clean, sustainable energy to provide power for thousands of families on Oahu. Renewable electricity production makes our islands more energy self-sufficient, environmentally sustainable, and secure, which is critically important now and for future generations."

In December 2011, the Hawaii Public Utilities Commission approved the PPA between First Wind and HECO. Hawaii?s renewable portfolio standard (RPS), which was modified by legislation passed in 2009, now requires renewable electrical energy generation from utilities to rise to 40% by 2030.

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