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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

Nevada Power Tries to Make Rates More Manageable

LCG, March 25, 2002-Nevada Power produced a new plan to reduce the effect of the $922 million rate increase its customers will be saddled with.

On Friday the Nevada generator presented an adjustment to its previous three year plan to increase rates by 21 percent. The new plan increases rates by 8.8 percent over six years instead.

Basic economics says that this results in higher costs because customers would have to deal with interest over more periods.

State Consumer Advocate Tim Hay says he may appeal the rate case if the Nevada Public Utilities Commission does not reduce rates.

However, according to the Las Vegas Review, Nevada Power chief executive Walt Higgins said that the plan offered hope in the face of rate increases and future power shortages.

The $922 million was spent last year purchasing wholesale power and fuel.

According to Higgins, Nevada Power's plan is made possible by an agreement with Reliant Energy and Williams Cos. High- and low-cost power contracts could then be mixed according to "blend and extend" agreements.

In addition, Nevada Power will buy power from Williams and promptly sell it back to Williams at a profit. At the end of a specified period, Williams would then purchase power from Nevada Power and sell it back at a profit.

Many in the state, such as state Senator Randolph Townsend (R ), still oppose the rate increase, citing state law that only allows for rate increases for practical expenditures.

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