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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

Possible $1.7 Billion Settlement Between El Paso Corp and California

LCG, March 21, 2003El Paso Corporation settled with the state of California over allegations of energy market manipulation, according to a San Francisco Chronicle source.

California accused the massive pipeline company of manipulating natural gas transport in order to drive up the cost of natural gas. This alleged activity would have had a direct effect on the price of electricity and would have contributed to the western energy crisis of 2000 and 2001.

According to the Chronicle, El Paso will give Californians aggregate discounts on natural gas and electricity totaling $1 billion over 20 years. Californian agencies and some private companies will directly receive an additional $225 million worth of cash and stock. Another $440 million in cash will be given to the same groups over the next 20 years.

Washington, Oregon, and Nevada will also see about $100 million from the settlement.

Apparently, El Paso officials who were rewarded with $2 million worth of bonuses for the corporations 2000 and 2001 profits will give up their bonuses. According to the Chronicles analysis, El Pasos profits went from negative $44 million to $341 million, if numbers are compared from before and during the California energy crisis.

El Paso executives insist that the corporation did not participate in any manipulative or illegal activities and are merely settling because of political realities and hostile public sentiment.

The Federal Energy Regulatory Commission has scheduled an evidentiary meeting regarding Californias allegation next Wednesday, and FERC has already said all evidence will be made public.

Many public and private parties filed suit against El Paso regarding possible illegal pipeline allotment, including several companies involved with the production of glass, a very energy consumptive process that requires high natural gas volume.

California had originally sought $3.7 billion from El Paso and, under this settlement, will withdraw its filing to FERC.

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