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

Florida Power Asks to Cut Rates, Increase Net

LCG, Sept. 17, 2001--Florida Power Corp. on Friday asked the Florida Public Service Commission for permission to cut rates and, at the same time, keep a higher percentage of its operating profits.

The company, Florida's second-largest utility, proposed the first change in its base rates in eight years -- a $5 million reduction in each of the next 15 years for a total of $75 million. The company would also invest $300 million over the next three years to improve reliability and quality of service to its customers in central and north Florida.

Florida Power said the $75 million savings to its customers was "directly attributable to the net savings available to customers as a result of the merger of Florida Power with Carolina Power & Light" Co. last fall.

The company also asked to be allowed to earn a return on equity of up to 13.2 percent. It is currently allowed to earn as much as 13 percent and earned a return of 12.7 percent last year.

Florida Power said that additional reductions were in the offing for its customers. A $37 million reduction will occur in 2004 when the company completes amortization of its 1997 buyout of the Tiger Bay cogeneration project in Fort Meade, from which it was required by federal law to purchase power at above market prices.

The company also said it will file an application with the commission this week that would call for lowering its annual fuel cost and related charges by about $67 million, beginning next year.

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