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News
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LCG, October 21, 2025--The U.S. Environmental Protection Agency (EPA) today issued three final Underground Injection Control (UIC) Class VI permits to ExxonMobil for their Rose Carbon Capture and Storage (CCS) Project located in Jefferson County, Texas. Under the Safe Drinking Water Act, these permits allow ExxonMobil to convert three existing test wells permitted by the state to carbon dioxide (CO2) storage injection wells for long-term storage.
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LCG, October 20, 2025--Holtec International announced today that the Palisades Nuclear Power Plant site in Michigan has received new nuclear fuel – 68 assemblies in total – that achieves a major milestone on the path to restarting the plant. The 800-MW facility was shutdown and decommissioned in 2022 due primarily for economic reasons; however, Holtec is progressing towards restarting the original unit by the end of this year, pending all necessary federal regulatory reviews and approvals. Achieving a successful restart of a shutdown nuclear unit will be a historic first for the nuclear industry.
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Industry News
FERC Threatens Trading Licenses of Energy Companies
LCG, June 5, 2002--Today the Federal Energy Regulatory Commission (FERC) warned that the trading licenses of four companies were in jeopardy due their lack of cooperation in an electricity market investigation. Williams Cos. Ltd., El Paso Electric, which is independent of El Paso Corporation, Avista Corp., and Portland General Electric Co. were ordered to "show cause why the commission should not revoke their market-based rate authority" within ten days. According to FERC, the companies failed to properly respond to an order requiring that they state whether or not they had participated in manipulative market practices.FERC's order, signed by three commissioners, said that the four energy traders' responses were "indicative of a failure by these companies to cooperate with our investigation."Williams was told that it did not answer the original order in a straightforward manner, a statement that Williams contests.Over 100 companies are under scrutiny in FERC's investigation, which came after memos were released relating Enron trading strategies to market manipulation. The Enron strategies in question include "ricochet," which called for selling electricity out-of-state prior to selling it in-state for the purposes of avoiding price caps and increasing profit.FERC asserts that trading records from Portland General link that company and Avista to manipulative practices and that trading between the companies were "designed to further the Ricochet and Death Star trading strategies."Although a public memo refers to $7.3 million in joint revenue between El Paso Electric and Enron, El Paso claimed a mere ball-park $700,000 in its affidavit to FERC and ignorance to any Enron actions taken on its behalf, which FERC asserts is "simply not credible."Stocks of the four companies are seeing negative effects from the FERC order.
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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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