EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

Holtec Signs Strategic Cooperation Agreement with Utah and Hi Tech Solutions to Deploy Nuclear SMRs

LCG, May 1, 2025--Holtec International (Holtec) announced the signing on April 29 of a strategic cooperation agreement with the State of Utah and Hi Tech Solutions, a leading nuclear services provider based in Kennewick, Washington, to collaborate in the deployment of Holtec's SMR-300s (small modular reactor) in Utah and the broader Mountain West region. Hi Tech will play a leading role in the project development and workforce training to support the rise of new nuclear power generation in the region.

Read more

EPA and Texas Railroad Commission Sign Memorandum of Agreement for Permitting Geologic Storage of Carbon Dioxide

LCG, April 29, 2025--Officials from the U.S. Environmental Protection Agency (EPA) and Texas Railroad Commission (RRC) signed a memorandum of agreement (MOA) today outlining the state’s plans to administer programs related to carbon storage wells, known as Class VI wells. The MOA signing is a required step in the RRC’s application to be granted authority to permit Class VI wells in the state of Texas. EPA is currently preparing a proposed approval of RRC’s primacy application.

Read more

Industry News

Northeast Ups Payout, Confident in Con Edison Suit

LCG, June 29, 2001--Northeast Utilities is in the discovery phase of its lawsuit against Consolidated Edison Inc., Chief Executive Officer Michael Morris told the company's annual meeting yesterday. Northeast filed the suit after a merger between the two companies fell apart.

The suit, filed in the Federal District Court in Manhattan, seeks $1 billion in damages from Con Edison, the parent company for New York City's electric utility. Northeast claims Con Edison weaseled out of a $7.5 billion merger agreement the companies reached in October 1999.

Morris said his company is "more convinced than ever that Con Edison sought a way to lower the price paid for Northeast Utilities or get out" of the 1999 agreement. He added "We are feeling better and better about the lawsuit."

Morris also told shareholders of company plans to spend $800-$900 million over the next five years to double its capacity to move power to Long Island and to increase southwestern Connecticut's supply of electricity.

The Northeast board also increased the company's dividend payout by 25 percent, raising the annual rate to 50 cents from 40 cents.

Copyright © 2025 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service