EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

DOE Announces Site Selection for Energy Infrastructure and AI Data Centers on Federal Lands

LCG, July 24, 2025--The U.S. Department of Energy (DOE) today announced the next steps in the Trump administration’s plan to accelerate the development of AI infrastructure by using Federal lands to lower energy costs and help power the global AI race, as previously outlined in President Trump’s Executive Orders on Accelerating Federal Permitting of Data Center Infrastructure, Deploying Advanced Nuclear Reactor Technologies for National Security, and Unleashing American Energy.

Read more

Enbridge Announces 600-MW Solar Project in Texas to Power Meta Data Center Operations

LCG, July 22, 2025--Enbridge Inc. (Enbridge) today announced that it has reached a final investment decision on the Clear Fork solar project located near San Antonio, Texas. Meta Platforms, Inc. (Meta), has signed a long-term contract for all of the renewable power generated from the 600-MW project.

Read more

Industry News

Enron Gets $1.5 Billion -- With Strings Attached

LCG, Dec. 4, 2001--Shares in Enron Corp. jumped 132 percent to 93 cents on the new York Stock Exchange this morning in the wake of an announcement that the company had arranged $1.5 billion in new financing from J.P. Morgan Chase and Citigroup.

That $1.5 billion has more strings attached than a marionette.

Only $250,000 will be made available immediately. To get another $250,000, Enron will have to provide the two lenders with a "satisfactory business plan." "Satisfaction of certain conditions" will have to be met before the $1 billion balance is released, and even then more than half will have to be used to repay $550 million of existing indebtedness of Transwestern Pipeline.

Kenneth Lay, Enron's chairman and chief executive, said the financing will allow Enron to "continue to do business and move forward to implement the first steps of its reorganization." Company officials said that Enron normally operates with about $2.5 billion in walking around money.

Enron is feeling the squeeze. Yesterday, the company laid off about 4,000 employees at its Houston headquarters, and those came on top of 1,100 firings in Europe. Many employees of Enron and its subsidiaries have seen their retirement funds wiped out by the collapse of Enron stock from $90 a year ago to 90 cents today.

Copyright © 2025 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