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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

FERC to Conduct a New Standard Market Study

LCG, January 14, 2003The Federal Energy Regulatory Commission has agreed to take a second look at the implications of a standardized energy market, after some states voiced their concern over FERCs plans to create a set of rules for wholesale energy markets.

FERC suggested a new framework regarding the countrys electricity market last July, but some states have been worried over the transfer of authority from states to the federal government. Some members of the Congress have asserted that FERC plans to take power from state public utility agencies.

Energy officials from some 15 states have publicly voiced apprehension over FERCs plans, noting that consumers in Southern and Western states may have to pay more for power if the electricity market follows the proposed rules. Some industrial companies, who purchase and consume large amounts of electricity, worry that they will have to pay an unfair proportion of charges for transmission improvements.

The state of Louisiana requested that FERC scrap its market plans, while some industry groups have asked for looser guidelines.

Due to increased pressure, FERC has agreed to reassess its 2004 market design plans and delay the implementation of them. The main body of the plans addresses transmission issues, endeavoring to smooth out the energy market between states. The plans also include real-time trading and some measures to prevent gaming.

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