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

Rhode Island Offshore Block Island Wind Project Clears Department of Interior

LCG, November 19, 2008-The Bureau of Ocean Energy Management (BOEM) of the Department of the Interior has granted a right-of-way for the undersea transmission line that will deliver the wind-generated electricity from Deepwater Wind's 30-MW Block Island offshore project to the Rhode Island mainland.

The right-of-way extends eight nautical miles and is 200 feet wide. It is the first ever granted in federal waters for a transmission line carrying offshore wind. Last week the Rhode Island Coastal Resources Management Council unanimously authorized a submerged land lease and licenses for the part of the underground transmission that traverses state waters.

The Block Island Wind Farm will be located approximately three miles southeast of Block Island and will consist of five, 6-MW wind turbines. Power will be exported to the mainland electric grid via the bi-directional Block Island Transmission System, a submarine cable planned to make landfall at Scarborough State Beach in Narragansett, Rhode Island. From the beach area, the cable will remain buried, beneath state roads, and eventually connect with National Grid's existing electric substation in Wakefield.

National Grid will build, own and operate the 34.5kV cable, including a new substation and switchyard. A Power Purchase Agreement (PPA) has been executed with Narrangansett Electric.

Construction is expected to begin in spring 2015, with commercial operation to be achieved in 2016.
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