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Natura Resources Announces Agreement with NGL Energy Partners to Develop 100-MW SMRs with Large-Scale Produced Water Treatment in the Permian Basin

LCG, February 4, 2026--Natura Resources LLC (Natura), a developer of advanced molten-salt nuclear reactors, announced yesterday that it has signed an agreement with NGL Water Solutions Permian LLC, a subsidiary of NGL Energy Partners LP (NGL), to pursue opportunities to combine Natura's advanced nuclear reactor technology with thermal desalination for power production and oil and gas produced water treatment. NGL transports, treats, recycles and disposes of more than 3 million barrels per day of produced and flowback water generated from crude oil and natural gas production in the Permian Basin.

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OPG Completes Darlington Nuclear Station Refurbishment Project Under Budget and Ahead of Schedule

LCG, February 2, 2026--Ontario Power Generation (OPG) announced today that construction on the four-unit Darlington Refurbishment project is now complete. Station staff are completing final testing, and the last unit is expected to return to service in the coming weeks. OPG stated that the overall project is currently four months ahead of schedule and $150 million under budget.

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Industry News

Texas Market Experiences Potentially Costly Scheduling

LCG, Mar. 1, 2002--A top official at the Texas Public Utility Commission said that an initial investigation has identified six "qualified scheduling entities" that appear to have made at least $1 million in profits each based on a feature of the Texas market.

Parviz Adib, who is in charge of the commission's market oversight unit, said "our conclusion is that intentional overscheduling took place, and that harm was done to the market." The PUC continues to collect data, and will issue its final conclusions later this year.

Qualified scheduling entities act as middlemen between power producers and the Texas transmission grid. They submit forecasts of generation that is expected from their utility or marketer clients, and the amount of demand that is likely from end-users served by them. In Texas, the scheduling entities can be paid if the amount of energy consumed is below their forecast expectations, or charged if power produced falls short of their forecasts. Overall, the forecast errors are expected to cancel one another out.

During times that power needs are high, the value of having additional grid capacity available is relatively higher, and therefore, any unpexected surplus of capacity due to overscheduling can generate additional revenue for a QSE. Based on schedules of 45 QSE's during a two-week period in August 2001, some of the companies' forecasts were consistently in error by various ranges, and in some cases, by well over 100 percent.

Janee Briesmeister, a senior analyst at the Austin office of Consumers Union said that if a penalty resulted, she thought it should be more than a "slap on the wrist." Adib, whose office will seek guidance from commissioners on any penalties that may result, told the Dallas Fort-Worth Star-Telegram, "you cannot overschedule for so many days - one day after another - without really realizing what you are doing."
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