EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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.

Read more

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.

Read more

Industry News

Avista Asks 10 Percent Electric Rate Hike

LCG, Dec. 4, 2001--Avista Corp. said yesterday it has asked Washington state regulators to approve a 10 percent increase in its electric rates which would go into effect next March 15.

Even with the increase, Avista's residential rates would be 5.872 cents per kilowatt-hour, which the utility claims are among the lowest in the region and well below the national average of 6.8 cents.

Avista said the 10 percent hike would be a uniform increase for all customer classes and would be for the generation portion of the monthly electric bill only.

Scott Morris, president of Avista utilities, said his company "must improve its current financial situation. We have worked diligently to demonstrate to regulators the prudence of our wholesale power costs and have made dramatic reductions in costs in order to shore up the financial stability of the company. It is only after exhaustive efforts that we request further rate relief."

Avista first found itself in uncertain financial waters in the spring of last year. On May 4, 2000, the company sold its 175 megawatt interest in the Centralia, Wash., coal-fired power plant without making arrangements for replacement power. At the same time, the California energy crisis was at its worst and sent wholesale power prices soaring throughout the West.

Avista has been caught in the middle ever since. In October of this year, the company's credit ratings were slashed to below investment grade. The company has since reduced both capital expenditures and operating expenses in an effort to improve cash flows.

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