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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

Southern California Edison Submits Market Re-Entry Plan

LCG, May 3, 2002-Southern California Edison (SCE) last week gave the California Public Utilities Commission its plan to reestablish an investment-grade credit rating.

The utility, which carries a "BB" credit rating, got into trouble last year when caught between retail price caps and skyrocketing wholesale prices. By January 2001, SCE had $6.35 in "undercollections," and California appointed the Department of Water Resources to buy power in its place.

The SCE plan, submitted late Wednesday, asks permission to enter long-term contracts and elaborates on the need to avoid spot purchases. SCE also included prompt rate review by regulators to be implemented if undercollection exceeds 5 percent of SCE revenue; the utility defines "prompt" as less than 30 days.

According to the plan, the DWR would initially co-sign SCE contracts, but ultimately the utility would assume full ownership once its credit rating improved sufficiently.

SCE hopes that the Commission will approve the plan by September or early October.

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