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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 Renewables Announces Solar Power Agreement with Corning

LCG, December 15, 2015--Duke Energy announced yesterday that it has entered into a 25-year power purchase agreement (PPA) for solar-generated electricity produced by Duke Energy Renewables. Corning will purchase 62.5 percent of the output from the 80-MW Conetoe Solar project, which is expected to be the largest solar project east of the Mississippi River. The project is expected to begin delivering power to the grid in the first quarter of next year.

The Conetoe Solar project is being constructed by Duke Energy Renewables on a 595-acre site in Edgecombe and Pitt Counties, North Carolina. Duke Energy Renewables purchased the development rights for The Conetoe Solar project in May 2015. The project was originally developed by SunEnergy1.

Corning's senior vice president, chief strategy officer stated, "Corning is committed to reducing its carbon footprint, and this is a major step in that direction. Going green makes good business sense because it encourages efficiencies and clean power usage that eventually lower costs. We believe this decision fits our corporate mission to be a good steward of the environment."

Duke Energy's president of Commercial Portfolio stated, "Serving Corning's commitment to clean energy is a great example of the customer-centric solutions we can offer to organizations. In delivering this quality project, we're proud to bring more solar power to North Carolina as we partner with Corning to advance their environmental stewardship."

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