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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

New York Awards Solar PV Grants to 76 Projects for 2013

LCG, April 2, 2013--The Governor of New York announced Thursday that $46 million has been awarded under his NY-Sun initiative for large-scale solar photovoltaic (PV) energy projects, which will add 52 MW to New York's solar capacity.

The awards are the first of three rounds of the Competitive PV solicitation, an element of New York?s Renewable Portfolio Standard (RPS) program. Second round proposals have been received, and proposals for the third round are due August 29, 2013.

This first round of awards are to 28 recipients to finance 76 large-scale solar energy projects across the state that will be located at businesses, factories, municipal buildings and other larger commercial and industrial companies, with the intention that the power generated is used on-site, although surplus power may be delivered to the grid for a credit.

The projects are scheduled to commence operations by year-end. The $46 million grants from New York State will be supplemented by $100 million in private investment.

The NY-Sun Competitive PV Program provides incentives for PV systems larger than 50 kW and is administered by the New York State Energy Research and Development Authority (NYSERDA). Funding per project is capped at $3 million, and all projects require co-funding.

Last year, the combined efforts of NYSERDA, New York Power Authority (NYPA) and Long Island Power Authority (LIPA) led to the installation of more than 58 MW of PV in the New York. Now, with the planned addition of 52 MW this year, a total of 242 MW of PV has been installed or is under development as part of NY-Sun.
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