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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
Natural Gas, Power Prices Boosted by Lack of New Gas Production
LCG, Feb. 28, 2003--The price of natural gas retreated slightly late this week from levels as much as two to five times what had been considered typical, but it is quite possible that the "typical" price level will be somewhat higher for the next few years.March natural gas on the New York Mercantile Exchange was priced at $10.90 per million Btu on Monday, whereas it had been $6.60 the previous Friday. Low inventories are largely the cause, based on a sharp reversal from mild winters in the past few years to a very cold one that in the Energy Information Administration's estimation has left about one-third less gas in storage compared with the five-year average.Consumption has increased because of more gas being used for heating generally, and by the fact that the majority of new power production capacity uses gas. According to the chief executive of the New York Independent System Operator, plants capable of substituting fuel oil for gas are doing so to cut costs. This week, the premium paid for gas led wholesale electricity prices to reach $990 per magawatt-hour several times in Texas, which has had severe winter weather recently. New York City prices reached $175 per megawatt-hour.Poorer credit ratings among power companies and utilities have contributed to higher prices as well. Companies that explore and drill for gas have not had enough new, stable production to keep inventories from declining. In fact, production fell last year by 5.5%. The trend is expected to continue until 2005, in the view of Lehman Brothers. Canada's own increased use of gas has not allowed imports from that source to grow, and those wells that have been drilled have been of a more marginal nature, and are often quickly depleted.
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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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