EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

EPA Issues Class VI Well Permits to ExxonMobil for Carbon Capture and Storage Project in Texas

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.

Read more

Holtec Receives New Nuclear Fuel at Palisades for Planned Restart

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.

Read more

Industry News

Federal Court May Decide California Electric Rates

LCG, Feb. 12, 2001Even as California Gov. Gray Davis and the state legislature wrestle with what they regard as a "bailout" for the state's nearly bankrupt electric utilities, a federal judge in Los Angeles could decided how much consumers have to pay for power they have already used.

Since whole sale power prices began exceeding in May of last year what the utilities could charge their retail customers, the two largest California utilities, Pacific Gas & Electric Co. and Southern California Edison Co., have gone into a financial hole exceeding $12 billion bailing out ratepayers.

SoCal Edison sued the California Public Utilities Commission in the U.S. District Court for Los Angeles last November after the regulators had repeatedly refused to lift a the rate freeze that prevented the company from charging the true cost of power. A similar suit by PG&E was recently transferred to the L.S. court and the two are expected to be consolidated.

The SoCal Edison case is on the court's docket for today, and it is difficult not to recall the words of William Massey, a member of the Federal Energy Regulatory Commission, who on December 15 said "Some day soon a federal court, when asked, will declare that utilities are entitled to recover these high wholesale costs from their customers."

But in Sacramento, the governor and lawmaker are still trying to find a way out for the utilities that won't burden, and hence upset, consumers who are also taxpayers and voters.

The utilities have agreed to take part in state Senate hearings this week. "We have reached agreement with the utilities on a timetable to resolve this issue," Davis said. "They've agreed to participate in hearings dealing with their finances."

Pending the outcome of the hearings, state Attorney General Bill Lockyer has asked the Los Angeles court to delay any decision in the utilities' suit against the CPUC.

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