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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.

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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.

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Industry News

PPL Says It Is Not to Blame for High Prices in Pennsylvania

LCG, Jan. 17, 2002--High prices in the Pennsylvania wholesale power market in early 2001 were not caused by market manipulation, PPL told Pennsylvania's Public Utility Commission this week.

PPL filed a report with the agency, which was given authority by the Federal Energy Regulatory Commission to investigate what supplier NewPower Holdings Inc. complained were market irregularities. Following a PJM report that showed prices to have been inflated, the PUC in November began investigating possible manipulation by PPL.

In addition to the PUC investigation, the U.S. Department of Justice has started an antitrust investigation.

During the first quarter of 2001, PPL's generating capacity was greater than that at the disposal of other electric companies. By law, companies serving customers are to have enough capacity to satisfy an additional 19 percent above expected demand.

High prices in the capacity market were cited by NewPower during the summer as the reason it had had difficulty in serving its customers competitively. PPL's filing referred to the possibiity of alternative suppliers' being squeezed out of retail sales as "unlikely."

Although consumers are protected by rate caps in the Mid-Adlantic, John Hanger, previously a PUC commissioner and who heads PennFuture, a Harrisburg consumer-interest group, said "It's like telling somebody who just got shot he didn't get shot." Hanger said that as of last March, retail power suppliers started to exit the market. The PUC listed 72 companies now in the market, compared to 97 last January.

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