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

Philly Gas Works asks for $64 Million Rate Cut

LCG, May 4, 2001--The Philadelphia Gas Works, the big municipal natural gas utility in the City of Brotherly Love, said yesterday it has filed a request with the Pennsylvania Public Utility Commission to lower gas cost rate. The reduction could result in nearly $64 million in savings for its more than 500,000 customers in the city.

The gas cost rate is a separate charge on Philly Gas Works' customers' bills that reflects the blended cost of natural gas that the utility pays to its suppliers. That cost is passed on to customers without any profit added to it, the gas works said.

The utility is proposing to lower the gas cost rate from $6.6959 to $5.5959 per one thousand cubic feet on September 1.

"This should result in an annual savings of about $110, more than seven percent, for the typical Philadelphia Gas Works residential home heating customer," said Thomas Knudsen, interim chief financial officer.

"This is great news for our customers," he continued. "It indicates that the supply of natural gas isimproving following a tough winter. Additionally, Philadelphia Gas Works is saving by buying and storing reserves at lower market prices and passing those savings on to our loyal customers."

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