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OPG Completes Darlington Nuclear Station Refurbishment Project Under Budget and Ahead of Schedule

LCG, February 2, 2026--Ontario Power Generation (OPG) announced today that construction on the four-unit Darlington Refurbishment project is now complete. Station staff are completing final testing, and the last unit is expected to return to service in the coming weeks. OPG stated that the overall project is currently four months ahead of schedule and $150 million under budget.

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NERC's New Annual Assessment Shows Rapid Demand Growth Increasing Resource Adequacy Risks Across North America

LCG, January 30, 2026--The North American Electric Reliability Corporation (NERC) yesterday issued its 2025 Long-Term Reliability Assessment (LTRA) and infographic that spotlight intensifying resource adequacy risks throughout the North American bulk power system (BPS) over the next 10 years.

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Industry News

New Jersey Regulators Plan Electricity Auctions

LCG, Nov. 8, 2002--The New Jersey Board of Public Utilities has announced its plan for auctions for power purchases by the state's major energy suppliers, scheduled for February.

Each supply auction will be for a different class of customer, with hourly prices to be paid by large users, commercial and industrial, and a fixed price to be charged to residential and small-business customers. The latter group accounts for 80 percent of energy consumption in the state. Auctions covering 10 and 34 months are being held for the small customers, with the 10-month auction providing for two-thirds of need and the 34-month auction for one third, each period beginning Aug. 1, 2003.

The prices to be paid by residents and small businesses will be based on a combination of the 10- and 34-month auction prices. The Board of Public Utilities believes that while consumer rates will no longer be capped, the process will prevent wholesale price spikes from affecting them. Jeanne Fox, president of the BPU, told The Star-Ledger of Newark, "There was a feeling you needed some long-term contracts as a hedge." A similar auction last year allowed four major utilities to make purchases covering the period through July, 2003.

Overall, rates are likely to rise, as the BPU begins to allow charges for deferred balances, or costs incurred by the utilities but not allowed under the rate cap, such as those for expensive power purchases.
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