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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

Georgia Power Announces New Agreement to Receive Wind Power from Oklahoma

LCG, April 23, 2013--Georgia Power, a Southern Company subsidiary, announced yesterday that it entered into a 250-MW power purchase agreement (PPA) with EDP Renewables North America. The agreement provides for wind power generated from EDP's wind farms in southwest Oklahoma. The wind power is scheduled to commence delivery to Georgia Power on January 1, 2016.

"We are continuously evaluating energy options that provide the best overall economic value to our customers," said Paul Bowers, president and CEO of Georgia Power. "Adding wind energy to our generation mix underscores our commitment to a diverse portfolio that offers clean, safe, reliable, sustainable and low-cost electricity for years to come."

Georgia Power's affiliate, Alabama Power, previously executed a 20-year, PPA with TradeWind Energy for wind power from the 235-MW Chisholm View Wind Project in Oklahoma. That project was one of the first major wind projects to export power to the Southeast, and Alabama Power is now receiving power from the wind farm.
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