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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

California Governor Pursues $1 Billion Rate Cut

LCG, May 14, 2003-Yesterday Governor Gray Davis announced his intention to seek $1 billion in rate cuts for utility customers.

Davis has been a noisy participant in the ongoing debate on where the money went during California's energy crisis, and now the governor wants to return money to consumers.

The Californian governor insists that rate cuts are feasible because of increased state capacity and energy conservation. Apparently the California Department of Water Resources (DWR) has found it needs to recover $4.5 billion, not $5.5 billion, from utility customers. Furthermore, Davis noted that more cuts may be possible if the Federal Energy Regulatory Commission finds contracts written during the crisis worthy of $9 billion in refunds.

The California DWR began buying power from generators on the behalf of utilities in 2001 because state utilities did not have good enough credit to purchase power on their own. At the same time, power prices skyrocketed for perhaps less than legitimate reasons, resulting in enormous cost to the state.

The California Public Utilities Commission plans to review Davis's request and has 120 days to act from the date of DWR's revised revenue filing.

Residential and business customers affected by a rate cut would be those of Southern California Edison and San Diego Gas & Electric. PG&E customers would see reduced rates after the utility emerges from bankruptcy.

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