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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

Judge Denies Attempt to Block SoCal Ed Recovery Deal

KLCG, Nov. 29, 2001--Southern California Edison Co. said yesterday that an appeals court had denied a motion from an anti-utility activist group seeking to block a deal which the utility believes will save it from bankruptcy.

An agreement between the utility and the California Public Utilities Commission would allow the company to recover about $3.3 billion with which to pay debts that have it teetering on the edge of bankruptcy.

A group called Toward Utility Rate Normalization (TURN) had filed a motion to block the agreement with the Ninth Circuit Court of Appeals in San Francisco after federal judge Ronald Lew rejected a similar request.

John Bryson, chief executive of SoCal Ed's parent Edison International Inc., said "We and the CPUC continue to believe that the settlement is fair and reasonable to the parties, creditors and our customers and establishes a sound path to restoring (SoCal Ed's) financial health."

SoCal Ed estimates that it ran up debts of $6.35 billion subsidizing low electric rates for its customers. Under California's failed electric restructuring law, the state's three investor-owned utilities were forced to purchase wholesale power at market prices and sell the same power at rates frozen 10 percent below those in effect in 1997.

The scheme seemed to be working until it became apparent that California had insufficient generation resources to meet its demand. At that time, the law of supply and demand took effect and sent wholesale power prices soaring.

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