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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

PG&E Customers' Rates to Drop

LCG, Feb. 27, 2004--The California Public Utilities Commission voted yesterday to allow rate decreases for the first time since the state's energy crisis prompted steep rate hikes.

The amounts of the decreases for different customer classes were effectively determined with formulae before the vote, during talks concerning PG&E's bankruptcy reorganization plan. The effects will be felt by most customers by April, based on their electricity usage in March. The reduction for the typical residential customer will be 4 percent, while larger businesses could see 15 percent reductions. Rates charged to industrial customers were previously raised more than rates for residential users after price spikes in the wholesale market caused the state to begin buying power on behalf of the state's major utilities.

Commission president Michael Peevey, as well as Commissioners Susan Kennedy and Geoffrey Brown, voted for the reduction, while Carl Wood and Loretta Lynch opposed the decision. Wood and Lynch said that had the vote been postponed, it could have resulted in greater savings for PG&E customers, and possibly larger rate reductions for residential customers.

Part of the reductions being approved are possible because rates collected by PG&E last year exceeded the utility's immediate revenue requirements to provide service. Part of the excess was used to pay down debt when bankruptcy talks resulted in agreement on using the rates for that purpose.

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