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News
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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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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
Allegheny Stock Plummets after Company Defaults
LCG, October 8, 2002-Energy company Allegheny saw its stock price drop by over fifty percent after it neglected to give an additional $60 million in collateral.When Moody's Investors Service withdrew the company's investment-grade credit rating, banks demanded that Allegheny post supplementary collateral to trading counterparties. Allegheny may possibly offer up assets as collateral, although this practice may be legally questionable because of state regulatory agencies' policies, and banks may find energy assets unworthy because of the current state of the electricity market.The company has not referred to specific figures but maintains that it has sufficient funds to operate. Allegheny is currently discussing the possibility of waivers and additional funding with its creditors in order to avoid seeking bankruptcy protection. Some energy traders have bought back electricity that was sold to Allegheny in order to resell it to more credit-worthy buyers.Shares hit a 52-week low of $3.25 and are trading at $4.15 on volume of 10.9 million shares, as compared with a daily average volume of 2.4 million and a 200-day stock price average of $30.19.Meanwhile, the company has been pursued by those interested in a takeover; Virginia-based Dominion Resources presented two takeover offers this year, the latest being $22 to $24 per share in an all-stock agreement, but Allegheny refused. Constellation Energy Group has also expressed interest in a takeover.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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