EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

In Memory of Rajat Deb: Inspiring Man of Ideas and Remarkable Silicon Valley Archetype

By Anjuli Deb -- With deep sadness and profound appreciation, we share the passing of LCG's founder, Dr. Rajat K. Deb. He was our president and one of the first entrepreneurs in the computer revolution. He was also our friend, our teacher and mentor, and for a few of us, our father and grandfather.

Read more

Oklo and Centrus Sign Letter of Intent to Purchase Nuclear Fuel for Aurora Powerhouse Deployment in Southern Ohio

LCG, June 19, 2026--Oklo Inc. and Centrus Energy Corp. announced yesterday a Letter of Intent under which Centrus agrees to supply enough domestic high-assay low-enriched uranium (HALEU) to power up to five of Oklo's Aurora nuclear powerhouses for multiple years, with deliveries to Oklo scheduled to begin in 2029. Centrus will supply HALEU from its American Centrifuge Plant in Pike County, Ohio to support Oklo’s planned 1.2 GW power campus in the region

Read more

Industry News

Fenosa Backs Out of Deal to Buy AES Colombia Firms

LCG, Oct. 2, 2000Spain's Unin Fenosa has backed away from an agreed-upon purchase of three Colombian power companies belonging to AES Corp. of the U.S., according to Grupo EDC, the Venezuelan electric company acquired earlier this year by the American company.

AES acquired Grupo EDC in a hostile takeover this past summer, paying $1.6 billion for Venezuela's largest publicly traded power company. A tentative deal with Fenosa to acquire the Colombian firms at bargain prices was considered part of the deal.

Grupo EDC officials said last week that the Fenosa arrangement had never been signed and that the Spanish company was having second thoughts. In a statement issued Friday, EDC President Richard Bulger said "We are studying all possible options with respect to these businesses including other saleopportunities or continuing to operate the companies on behalf of all shareholders."

Grupo EDC was profitable in Venezuela for the first half of this year, with its Electricidad de Caracas posting earnings of $9.1 million, but losses by the three Columbia utilities of $14.3 million resulted in an overall loss of $5.2 million.

If it could find a buyer willing to tackle Colombia's drug wars, political guerilla attacks on the power infrastructure and inefficient bureaucracy, it might give the three companies away. Grupo EDC bought them in 1997, paying $280 million for Epsa, which serves the city of Cali, and about $275 million for Electrocosta and Electricaribe.

Copyright © 2026 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