EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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.

Read more

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.

Read more

Industry News

New York PSC Directs RG&E to Contract for Power from R.E. Ginna Nuclear Power Plant

LCG, November 17, 2014-The New York Public Service (PSC) ordered Rochester Gas & Electric (RG&E) to negotiate a power purchase agreement (PPA) for electricity generated from the R.E. Ginna Nuclear Power Plant, which is owned by Constellation Nuclear Energy Group, a subsidiary of Chicago-based Exelon.

Constellation had petitioned for assistance from the PSC, stating that it had lost $100 million over the last three years and that it has forecast revenue shortfalls after the contract with RG&E expired at the end of last June. Exelon stated to the PSC, "Projected market revenues are insufficient to support the Ginna facility's continued operation."

Under the expired contract, RG&E purchased 90 percent of the power generated from the 581-MW nuclear power plant. After the expiration, Constellation has to accept competitive market prices. With relatively low natural gas prices and low market prices for electricity, the non-carbon emitting nuclear facility could be uneconomic to run, which could then lead to the closure of the facility. Based on a study released last month, closure of the base load, 44-year old nuclear facility, located 22 miles northeast of Rochester, could increase grid reliability risks.

The PSC stated that, with its order, it is acting to protect grid. The Chair of the PSC would like to develop a solution to maintain grid reliability until an alternative can be implemented.

Copyright © 2025 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service