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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

Duke Energy Announces 110-MW Wind Project in Texas

LCG, September 4, 2014-Duke Energy Renewables, a commercial business unit of Duke Energy, announced yesterday that it will construct, own and operate a 110-MW wind power project in Starr County, Texas. The power generated from the wind farm, Los Vientos V, will be purchased by Garland Power & Light, Greenville Electric Utility System and Bryan Texas Utilities (BTU). Each purchaser has signed a 25-year power purchase agreement (PPA). The project is expected to be completed in late 2015.

The Los Vientos V wind power project will include 55 2-MW wind turbines manufactured by Vestas.

In Willacy County, Texas, Duke completed Los Vientos I (200 MW) and II (202 MW) in 2012. Los Vientos III and IV (each with a capacity of 200 MW) are two additional Duke Energy projects in Starr County, Texas, with in-service dates in late 2015 and 2016, respectively. Once these projects are all in service, Duke Energy's total wind-generated capacity will exceed 2,100 MW.
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