EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

NuScale Power Achieves Standard Design Approval from NRC for 77 MW SMR

LCG, May 30, 2025--NuScale Power Corporation (NuScale), a leading provider of advanced small modular reactor (SMR) nuclear technology, yesterday announced that it has received design approval from the U.S. Nuclear Regulatory Commission (NRC) for its uprated 77 MW power modules. NuScale states that it remains the only SMR technology company with design approval from the NRC, and the company remains on track for deployment by 2030, with 50- and 77-MW SMR options.

Read more

EIA Presents Analysis of California's Solar and Wind Power Curtailment Challenges

LCG, May 29, 2025--The U.S. Energy Information Administration (EIA) released an analysis yesterday showing that the California Independent System Operator (CAISO), the grid operator for most of the state, is increasing its curtailment of the rapidly growing solar- and wind-powered generation facilities in order to balance electricity supply and demand, which is necessary to maintain a stable electric system.

Read more

Industry News

Justice Department Launches Criminal Probe of Enron

LCG, Jan. 10, 2002--Teams of Justice Department prosecutors are engaged in an investigation of Enron aimed at uncovering details of its finances, and ultimately to what extent it may have misled the financial community, investors and employees by way of off-balance sheet activities.

Four Congressional committees as well as the Securities and Exchange Commission and the Labor Department have thus far been looking into issues surrounding Enron's alleged use of outside partnerships to extend and obscure its own debt. Its revenues gave rise to a high valuation for its stock, meanwhile.

The Justice Department investigation is based in New York, San Francisco and Houston, where Enron is headquartered. In Washington, one of Enron's attorneys, Robert Bennett, was quoted by the Washington Post as saying, "I think this is a positive development. It appears they have centralized the investigation," referring to Justice Department headquarters.

Civil suits have been filed on behalf of investors and employees, who allege that Enron insiders were able to profit from the company's stock valuation by selling their holdings before the stock suffered a steep decline due to a profit restatement covering the previous four years. Employees with retirement accounts were not permitted to sell their own Enron shares.

Representatives of some plaintiffs have urged U.S. District Judge Lee Rosenthal of Houston to place a freeze on financial assets of 29 departed and current Enron insiders who may have made gains on trading profits. Rosenthal is thus far not prepared to do so, but remains open to the possibility. Ken Lay, Enron chairman and chief executive, is scheduled to testify before the Senate Commerce Committee on Feb. 4.

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