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

Enel's 200-MW Goodwell Wind Project Now Delivering Power to Oklahoma

LCG, December 11, 2015--Enel Green Power (EGP) announced Wednesday that its 200-MW Goodwell Wind Project, located in the panhandle of Oklahoma, is now operational. The electricity generated by the wind farm will be bought under a 20-year power purchase agreement (PPA) by Public Service Company of Oklahoma (PSO), a subsidiary of American Electric Power (AEP).

The construction of Goodwell Wind Project, which is owned by Goodwell Wind Project, LLC, a subsidiary of Enel Green Power North America, Inc. (EGPNA), is the result of a total investment of approximately $310 million. In July 2014, EGPNA signed a capital contribution agreement with a consortium led by J.P. Morgan to secure partial financing for the project.

EGP's CEO and general manager stated, "Oklahoma is one of the best places in the world for wind resources. The Goodwell facility is the fifth wind farm that EGP has brought into operation since entering the Oklahoma market in 2012. The project underscores EGP's ongoing investment in the state and in the U.S. renewable energy market."

The project was initially developed by Chermac Energy. Tradewind Energy acquired the project in August 2013 and completed all advanced development, including negotiating the PPA with AEP.
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