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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

Dominion Announces Plans for 1.300 MW Gas-Fired Power Plant in Virginia

LCG, February 29, 2011--Dominion Virginia Power, a subsidiary of Dominion, announced yesterday that it plans to request permission from the Virginia State Corporation Commission later this year to construct a 1,300-MW, natural gas-fired power station on a 205-acre site in Brunswick County. As proposed, the project will be completed by the summer of 2016.

The Brunswick County Power Station will incorporate a combined-cycle design with an electric generating capacity of approximately 1,300 MW. The estimated cost is over $1 billion. Dominion stated that it already has received the necessary conditional use permits from the Brunswick County Board of Supervisors to build the station and has applied to the Virginia Department of Environmental Quality for the air permit.

Dominion's president and chief executive officer stated, "The Brunswick County site offers us an ideal location to generate electricity to serve Southside Virginia and Hampton Roads reliably and will help us close the gap of 4,000 megawatts in additional peak demand that our customers are expected to need within the next decade....We expect this new power station to operate very efficiently and reduce the amount of power that we have to import from outside the Commonwealth. Building this station also is the best, most cost-effective and reliable way to meet the latest federal clean-air standards."

Last September Dominion announced that it would likely retire several coal-fired units at its Chesapeake Energy Center in Chesapeake and Yorktown Power Station by 2016.
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