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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

Bechtel Completes Panda Temple I Generating Station in Texas

LCG, September 26, 2014-Bechtel announced yesterday that it has completed the 758-MW Panda Temple I Generating Station in Temple, Texas. Panda Power Funds is the owner of the natural gas-fired, combined cycle facility.

Panda Temple I Generating Station is one of four, gas-fired projects ERCOT forecast last May to be completed this summer to add a total of 2,112 MW of capacity to the grid.

Temple I Generating Station is designed for fast starts. The combustion turbines can synchronize in 10 minutes and reach full load within 30 minutes. The entire facility can reach full capacity within 60 minutes.

The facility incorporates a Siemens power island package, including the natural gas turbines, steam turbine and waste heat recovery boilers. Panda Power also plans to complete another combined cycle block, Temple II, that is scheduled to begin operations next year.

"Panda Temple I represents a tremendous team effort, including our consortium partner Siemens and Panda Power Funds, both of which worked seamlessly to bring the plant online early, which was important for our customer' and the community," said the president of Bechtel's thermal power business line. "We are pleased to have delivered a quality plant safely. As a result of a strong safety culture, the team worked the duration of the project without a single lost-time accident."
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