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

Former El Paso Trader Indicted

LCG, Dec. 5, 2002--An indictment has been brought against a former vice president of the El Paso Corporation for his allegedly false reporting of 48 gas trades to an industry publication, federal prosecutors in Houston announced yesterday.

El Paso had stated that "inaccurate pricing information may have been provided to a trade publication," on Nov. 13, one day after Todd Geiger, who was engaged in gas trading, resigned from the company. According to Reuters, Mr. Geiger's lawyer, George Murphy, said that Geiger's arrest on Tuesday following a trip to Detroit "came as a tremendous shock to him, his family and to me. None of us knew this was coming." Geiger will plead not guilty, Murphy stated.

Geiger, 38, traded through El Paso's Canada desk from Houston, where U.S. Attorney John Lewis believes he tried to manipulate the price index at the Sumas hub, situated on the border of British Columbia and Washington state.

Prosecutors contend that on Nov. 30, 2001, Geiger discussed 48 non-existent gas trades with an editor of Inside FERC Gas Market Report, as if the trades were actual transactions conducted by the Merchant Energy Group at El Paso. The prices reported were used to produce a price index in the December edition of the publication. Monday, Geiger will be arraigned and charged with wire fraud and false reporting. Possible penalties that could be imposed should Geiger be found guilty are a fine of $500,000 for false reporting and up to five years in prison, and a fine of $250,000 and a maximum of five years in prison for wire fraud.

An investigation is continuing into possible false reporting by employees at El Paso, to publications publishing price indexes for the gas and electricity markets. The company website indicates that El Paso is "cooperating fully with the appropriate federal authorities." Spokespersons would not comment further.

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