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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

Southern's Kemper County IGCC Project Now Targets Completion in Fourth Quarter 2014

LCG, October 31, 2013--Southern Company announced yesterday a delay in the schedule to begin operations of its Kemper County coal project that is currently under construction by its subsidiary, Mississippi Power.

Southern Company now expects subsidiary Mississippi Power's Kemper County project to be complete in the last quarter of 2014 and the costs to exceed $4 billion. Southern Company earnings for the three months and nine months ended September 30, 2013, include after-tax charges of $93 million and $704 million, respectively, related to increased cost estimates for the construction of the Kemper County project.

Plant Ratcliffe, located in Kemper County, Mississippi, is a 582-MW IGCC (Integrated Gasification Combined Cycle) project. In December 2010, Mississippi Power held the ground breaking ceremony for the project, and the estimated cost of the project was then $2.4 billion. Operations were targeted to commence in 2014. In April 2013, the project cost was estimated to be over $3.2 billion, with a May 2014 deadline to start service to retain certain tax incentives.

The IGCC project is designed to convert coal into synthetic gas, which will then be burned in a combined cycle system. The project's carbon capture system will capture at least 65 percent of the CO2 that results from combustion of the syngas. The captured CO2 will be transported via pipeline and used for enhanced oil recovery (EOR). The project is located adjacent to the fuel source, lignite.

In the third quarter of 2013, the Kemper County project achieved several major construction milestones, including the first fire of the facility?s two combustion turbines, which were completed August 28 and September 4. In late September, testing on the steam turbine was completed, which allows it to be synced to the grid in early October.

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