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

Virginia Utilities Must 'Functionally Separate' Generation

LCG, Dec. 19, 2001--Judges of the Virginia State Corporation Commission yesterday reaffirmed a requirement in state law that electric utilities must "functionally separate" generating and distribution services before competition among electricity suppliers begins in the Old Dominion.

The next 12 days will be busy as both regulators and utilities get ready for competition to begin on January 1.

The Corporation Commission ruled yesterday that a plan by Virginia Electric & Power Co. to transfer ownership of its power plants to another subsidiary of its parent holding company, Dominion Resources Inc., would not be in the public interest.

"We find that it will create too much uncertainty, too much risk and provide too little benefits, if any," the commission said yesterday. The SCC judges instead approved their own solution, which would be the transfer of the plants to new, separate divisions of Virginia Power.

The commission said the ruling also applied to the state's number two investor-owned utility, American Electric Power Co., and to 12 rural electric cooperatives.

Earlier this year, AEP had, like Virginia Power, asked to transfer its Virginia power plants to another subsidiary of the parent holding company, but the company agreed this fall to create a division within the utility for the generating assets.

The Corporation Commission said in its ruling yesterday that Virginia Power might transfer ownership of its plants to a unit of Dominion Resources at a later date "when conditions are such that that the public interest in safe, reliable electric service will not be jeopardized by the transfers."

One of the SCC judges, Theodore V. Morrison Jr., said the Virginia General Assembly could help the commission by providing clearer direction on the issue of legal separation.

Virginia Power has the options of accepting the order, appealing it to the Virginia Supreme Court, or asking the General Assembly to modify the law to accommodate its wishes.

All in 12 days.

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