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

Wyoming Coal-bed Methane Leases Ruled Illegal

LCG, April 30, 2002--In response to allegations by environmental groups, a panel from the Department of the Interior ruled that leases on Wyoming's Powder River Basin were issued illegally.

Prior to the ruling, the Bureau of Land Management (BLM) had allowed the issuance of leases for 2,500 acres, but the panel found that the BLM had used outdated environmental studies in assessing the land and therefore issued the leases illegally.

The decision has worried parties considering coal-bed development, namely in western states where public land might be used.

This reversal comes as a snub to President Bush's energy plans. Bush has encouraged exploration throughout the country and specifically coal-bed mining in the Rockies in an attempt to minimize U.S. foreign fuel dependency.

Environmental groups Wyoming Outdoor Council and Powder River Basin Resource Council instigated the lease reevaluation. Wyoming BLM is still considering its response to the decision.

Coal-bed methane provides a new source for natural gas. The method involves pumping groundwater to alleviate pressure and release methane gas from coal seams. Coal-bed mining in the Powder River Basin has yielded about 10,000 wells so far, with a projected 40,000 to come into service over a few years' time.

The Federal government leases public land to allow industry to develop mineral resources. The Bureau of Land Management handles 700 million acres of mineral land.

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