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OPG Completes Darlington Nuclear Station Refurbishment Project Under Budget and Ahead of Schedule

LCG, February 2, 2026--Ontario Power Generation (OPG) announced today that construction on the four-unit Darlington Refurbishment project is now complete. Station staff are completing final testing, and the last unit is expected to return to service in the coming weeks. OPG stated that the overall project is currently four months ahead of schedule and $150 million under budget.

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NERC's New Annual Assessment Shows Rapid Demand Growth Increasing Resource Adequacy Risks Across North America

LCG, January 30, 2026--The North American Electric Reliability Corporation (NERC) yesterday issued its 2025 Long-Term Reliability Assessment (LTRA) and infographic that spotlight intensifying resource adequacy risks throughout the North American bulk power system (BPS) over the next 10 years.

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Industry News

Texas Regulator Says Utilities Should Repay Dereg 'Windfall'

LCG, March 28, 2001--The top Texas utility regulator says electric utilities should surrender potentially multibillion-dollar windfalls that grew unexpectedly from the Texas deregulation law, according to a report in this morning's Fort Worth Star-Telegram.

"This one is pretty big," Pat Wood, chairman of the Public Utility Commission of Texas, said. Generated by disputed utility overearnings, the windfall could total between $4 billion and $7 billion, according to analysts. Their rough estimates put the average residential refund at between $450-$685.

Wood said the state legislature would have to provide leadership on the issue. "There are some changes of circumstance that do merit some guidance," he said.

In 1998, the PUCT set electric rates at a level that would allow Texas utilities to recover losses expected from deregulation, but those losses have failed to materialize and now some say they never will and the utilities may actually end up with gains when the state fully opens its electricity market to retail competition.

State Rep. Sylvester Turner, a Houston Democrat, has introduced legislation that would force Texas utilities to refund deregulation-based overearnings.

Utility officials say they probably don't owe anything but have asked regulators to wait at least until the deregulation process is over before figuring out the bill.

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