EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

EPA Issues Class VI Well Permits to ExxonMobil for Carbon Capture and Storage Project in Texas

LCG, October 21, 2025--The U.S. Environmental Protection Agency (EPA) today issued three final Underground Injection Control (UIC) Class VI permits to ExxonMobil for their Rose Carbon Capture and Storage (CCS) Project located in Jefferson County, Texas. Under the Safe Drinking Water Act, these permits allow ExxonMobil to convert three existing test wells permitted by the state to carbon dioxide (CO2) storage injection wells for long-term storage.

Read more

Holtec Receives New Nuclear Fuel at Palisades for Planned Restart

LCG, October 20, 2025--Holtec International announced today that the Palisades Nuclear Power Plant site in Michigan has received new nuclear fuel – 68 assemblies in total – that achieves a major milestone on the path to restarting the plant. The 800-MW facility was shutdown and decommissioned in 2022 due primarily for economic reasons; however, Holtec is progressing towards restarting the original unit by the end of this year, pending all necessary federal regulatory reviews and approvals. Achieving a successful restart of a shutdown nuclear unit will be a historic first for the nuclear industry.

Read more

Industry News

Pat Wood Named to Head FERC

LCG, Aug. 15, 2001--Former Texas utility regulator Patrick Wood III was named yesterday to succeed Curt Hebert as chairman of the Federal Energy Regulatory Commission.

Wood, who is seen as favoring FERC intervention in wholesale power pricing, will take over from Hebert on September 1. The new chairman is a Republican, and was appointed to the commission earlier this year.

One of Wood's first jobs as chairman will be to lead FERC through negotiations between the state of California and a handful of independent power producers that the state says overcharged it $8.9 billion for electricity.

A FERC administrative law judge has said the amount due is $1 billion at most and that California is unlikely to see any cash refunds because the power producers have not been paid for much of the electricity purchased at any price.

Wood's elevation is certain to be welcomed in California, where Gov. Gray Davis and some of his Democrat appointees to the California Public Utilities Commission have said they feel he is sympathetic to problems facing the state's energy sector.

But Wood is also a confidant of President George W. Bush, who has been outspoken in favoring market forces. The new chairman is unlikely to push initiatives that run counter to those of the administration.

Hebert's departure from the commission will leave a vacancy on the five-member panel. Among those being considered for the open seat are Joseph Kelliher of the Department of Energy and McLane Layton, an energy expert on the staff of Republican Sen. Don Nickles of Oklahoma, who is a member of the Senate Energy and Natural Resources Committee.

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