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Oglethorpe Power Announces Selection of Kiewit Subsidiary as EPC Partner for New 1,425-MW Combined-cycle Facility in Georgia

LCG, January 13, 2026--Oglethorpe Power today announced it has selected Kiewit Corporation through its subsidiary, The Industrial Company (TIC), as the Engineering, Procurement and Construction (EPC) partner for its new combined-cycle (CC), natural gas-fired power plant in Monroe County, Georgia. The new, 1,425-MW facility represents a capital investment of more than $3 billion. Commercial operation of the new generation capacity is planned to commence in 2029.

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Meta Announces Up to 6.6 GW of Nuclear Projects to Power American AI

LCG, January 9, 2026--Meta today announced new, landmark agreements that will (i) extend and expand the operation of three existing nuclear power plants and (ii) drive the development of advanced nuclear technology. Meta's new agreements with Vistra, TerraPower, and Oklo follow Meta's request for proposals (RFP) issued last month. Meta expects these projects to deliver up to 6.6 GW of new and existing clean nuclear energy by 2035.

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Industry News

Endesa in Surprise Bid for French Power Firm

LCG, Oct. 4, 2000Spain's largest utility, Endesa, has bid an undisclosed sum for a 30 percent interest in French power producer Socit Nationale d'Electricit et de Thermique, a government-owned operator of coal-fired plants.

Snet, which had 1999 revenues of about $320 million and operated five generating stations, is controlled by state-run Charbonnages de France, the country's coal-producing monopoly. The French government has offered 30 percent of Snet as the first step in its privatization, though Charbonnages would retain controlling ownership.

It had been thought that a brokered marriage had been arranged with Suez Lyonnaise under which Suez would purchase the 30 percent and also assist Snet in financing a new thermal power plant.
The surprise bid by Endesa could test the willingness of France to open its electricity sector to foreign competition. Last February, after a year of foot dragging and under pressure from its European Union partners, France reluctantly said it would liberalize 25 percent of its power market. So far there has been little evidence that it has done so.

Industry observers in Paris say that it would be difficult for the French government not to sell the interest in Snet to Endesa if the Spanish firm offers more money than Suez. Furthermore, they say that Suez would be unlikely to raise its offer because it is eyeing investment in Italy and on the Iberian Peninsula.

Endesa, which recently admitted it was in talks that would lead to a merger with Iberdrola, Spain's second-largest power company, is known to be looking beyond the Spanish border and has budgeted about $3 billion for expansion into other parts of Europe.

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