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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
Former El Paso Trader Indicted
LCG, Dec. 5, 2002--An indictment has been brought against a former vice president of the El Paso Corporation for his allegedly false reporting of 48 gas trades to an industry publication, federal prosecutors in Houston announced yesterday.El Paso had stated that "inaccurate pricing information may have been provided to a trade publication," on Nov. 13, one day after Todd Geiger, who was engaged in gas trading, resigned from the company. According to Reuters, Mr. Geiger's lawyer, George Murphy, said that Geiger's arrest on Tuesday following a trip to Detroit "came as a tremendous shock to him, his family and to me. None of us knew this was coming." Geiger will plead not guilty, Murphy stated.Geiger, 38, traded through El Paso's Canada desk from Houston, where U.S. Attorney John Lewis believes he tried to manipulate the price index at the Sumas hub, situated on the border of British Columbia and Washington state.Prosecutors contend that on Nov. 30, 2001, Geiger discussed 48 non-existent gas trades with an editor of Inside FERC Gas Market Report, as if the trades were actual transactions conducted by the Merchant Energy Group at El Paso. The prices reported were used to produce a price index in the December edition of the publication. Monday, Geiger will be arraigned and charged with wire fraud and false reporting. Possible penalties that could be imposed should Geiger be found guilty are a fine of $500,000 for false reporting and up to five years in prison, and a fine of $250,000 and a maximum of five years in prison for wire fraud.An investigation is continuing into possible false reporting by employees at El Paso, to publications publishing price indexes for the gas and electricity markets. The company website indicates that El Paso is "cooperating fully with the appropriate federal authorities." Spokespersons would not comment further.
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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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