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

Centrica Pays $252 Million for TXU Plants in UK

LCG, Aug. 27, 2001--Centrica Plc, the largest British combined gas and electricity supplier, doubled its electric power capacity Friday when it agreed with TXU Corp. of the U.S. to acquire two power plants on a lease purchase arrangement.

Centrica said it purchased for $252 million two 20-year leases to operate gas-fired power plants in Peterborough and King's Lynn in East Anglia, a region of eastern England. At the end of the leases, Centrica will have the option of acquiring the two plants.

Roy Gardner, Centrica's chief executive, said the deal would boost his company's owned generating capacity from 755 megawatts to 1,460 megawatts, still less than a third of the peak demand from its 4.5 million retail customers.

"Today's transaction reinforces our commitment to grow our electricity business and to continue offering customers a competitive package," he said Friday. Three months ago, Centrica bought a 60 percent interest in Humber Power, a modern natural gas-fueled plant.

Centrica was created with the partial "de-merger" of the British Gas monopoly in 1995.

TXU, for its part, said it is selling generating assets to clean up its balance sheet. The American company is the UK's third-largest combined gas and electricity supplier and says it has plenty of generation, even after selling its 1,000 megawatt Rugby coal-burner to International Power in June.

"This is a significant step towards achieving our optimum generation position in the UK market," said Martin Stanley, president of TXU Europe energy trading, adding that the company would like to sell another 2,000 megawatts of capacity.

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