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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

Avista Rate Agreement Reached in Washington State

LCG, Mar. 5, 2002--Effective today, an agreement has been reached between Industrial Customers of Northwest Utilities, the Public Counsel Section of the Washington Attorney General's Office, staff of the Washington Utilities and Transportation Commission (WUTC), and the Avista corporation.

Avista has been approved to recover ninety percent of deferred power costs, incurred over the second half of last year, amounting to about $196 million. These costs were found to be acquired prudently and therefore will cease to be refundable; Avista sustains a 25 percent surcharge to assuage operating costs.

Avista serves customers in four western states, including 210,000 in eastern Washington, from which it derives 67 percent of total electric revenues. Avista will write off $21.8 million of deferred expenditures that it cannot recover through customer rates, yielding a $0.30 non-cash charge per diluted share. This change brings Avista's 2001 consolidated earnings down to $0.20 per diluted share.

A five percent monthly bill increase will follow for all customers; This charge results in an additional $2.92 per month for customers using 1,000 kilowatt-hours, in a total charge of $55.81, which is still substantially below the national average.

Efforts to minimize the impact on customers include donating $50,000 to Project Share as well as extended payment programs and increasing awareness of pre-existing low-income programs.
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