EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

Constellation and Google Announce Strategic Collaboration that Includes 890 MW of New Nuclear Capacity to PJM Grid

LCG, October 6, 2026--Google and Constellation Energy today announced a long-term strategic clean energy collaboration to bring 890 MW of new, reliable, carbon-free nuclear capacity onto the PJM Interconnection grid to meet growing demand and increase grid reliability. The first uprate is expected to be delivered by 2028.

Read more

Department of Energy Announces $4.2 Billion Investment to Boost Nuclear Power in Pennsylvania and Ohio

LCG, October 5, 2026--The U.S. Department of Energy’s (DOE) Office of Energy Dominance Financing (EDF) today announced a conditional loan commitment of up to $4.2 billion to finance nuclear uprates and modernization across Vistra’s nuclear fleet in Pennsylvania and Ohio. The projects are expected to preserve nearly 4 GW of carbon-free, baseload power and add 433 MW of new nuclear capacity that will support the growing electricity demand across the PJM region.

Read more

Industry News

Lenders Cut Maharashtra Electricity Board Some Slack

LCG, Jan 11, 2001Lenders to Dhabol Power Co., Enron Corp.'s big power project near Bombay, India, decided not to take any major action Tuesday after the Maharashtra state electricity board paid its October electric bill, an Indian business newspaper reported this morning.

The Economic Times quoted unnamed sources at Indian financial institutions as saying "Lenders have expressed concerned about the huge credit exposure in DPC and were also disappointed over the state government apparent disinclination to honor its guarantee."

An emergency meeting had been convened among Enron and the Dhabol project's lenders because the Indian state of Maharashtra's state electricity board had fallen three months behind on payment for electricity produced by the new plant.

Over the weekend, the central government of India instructed Maharashtra state to press its electricity board to resolve the past-due bills and Enron had threatened to invoke letters of credit and India's own sovereign guarantee. A few minutes before the creditors' meeting, Maharashtra said it would pay the October bill.

Among the institutions participating in the meeting were the Industrial Development Bank of India, the ICICI Bank of India and the State Bank of India, the country's oldest, largest and most successful commercial bank.

Maharashtra state electricity board's October bill was for rupees 135 crore, or $28.9 million U.S. The past due November bill, which is still outstanding, is $31.7 million. A December bill for $34.1 million is payable this month.

Though the government of Maharashtra bailed out its state electricity board for the October bill, lenders were not confident that it would continue the policy. However, sources close to the Economic Times indicated that pressure from the Indian central government left the state little choice.

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