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

Ontario Moves towards New Clean Energy and Retirement of Coal Units

LCG, February 28, 2012--Ontario's power grid operator, the Independent Electricity System Operator (IESO), announced that over 2,600 MW of capacity is expected to be added to the Ontario grid over the next 18 months. The new capacity will support Ontario's plans to shut down coal-fired generation owned by Ontario Power Generation.

The new electric generation capacity includes nuclear power from two, 750-MW units currently being refurbished. Bruce Power expects the Bruce 2 reactor to commence operations in the first quarter of 2012 and Unit 1 in the third quarter. Bruce Power currently operates the Bruce A and Bruce B nuclear power stations, which include six active units and the two being refurbished.

An additional 400 MW of gas-fired generation - plus over 700 MW of renewable capacity - is also scheduled to begin delivering power to the grid over the next 18 months.

To support the new generation resources and the loss of the coal-fired units, the IESO stated a new 500-kV electric transmission line between Bruce and Milton will soon also commence operations.

In December 2011, Bruce Power announced that it will no longer pursue the development of a new nuclear power plant in Alberta. Bruce Power?s President and Chief Executive Officer stated, "Throughout our existence at Bruce Power we've looked at a number of potential business development opportunities. We've decided the new nuclear option in Alberta is not something our company will be progressing further."

Bruce Power is a partnership among Cameco Corporation, TransCanada Corporation, BPC Generation Infrastructure Trust, a trust established by the Ontario Municipal Employees Retirement System, the Power Workers? Union and The Society of Energy Professionals.
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