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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

Nebraska Nuke's Future Uncertain

LCG, May 10, 2002--The largest generating unit in Nebraska, Nebraska Public Power District's Cooper nuclear plant, may be shut down at the end of power purchase agreements through 2004, more than a decade before its operating license is due to expire.

The NPPD is considering several options for the plant, which sells most of its output to MidAmerican Energy Co. and Lincoln Electric System. Perhaps the most serious issue is the need to cover decommissioning costs, which are estimated at $500 million, and out of which $297 million has been paid through installments into a fund. In 2000, a court allowed the two large customers to stop covering the costs, pending review.

NPPD might have to recover decommissioning costs through higher power prices, a result that the power purchasers have indicated would cause them to buy elsewhere. In addition, the 778-megawatt plant is one of only two plants in the country considered to meet only the absolute minimum operating conditions set by the Nuclear Regulatory Commission. Inspections-related costs stemming from the poor rating impact NPPD with up to $5 million in extra expenses.

Although NPPD will seek new purchasers for Cooper's output, the cost of lengthy outages may cause Cooper to lose out if it attempts to sell take-or-pay contracts, in which repair costs are explicitly covered by the buyer regardless of whether it is receiving power. The power district is currently unable to sell the plant under the law.
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