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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

Feds Okay CP&L Takeover of Florida Progress

LCG, July 14, 2000--The pending takeover of Florida Progress Corp. by the holding company for Carolina Power & Light Co. has been approved conditionally by the Federal Energy Regulatory Commission and by the Department of Justice and Federal Trade Commission, CP&L Energy Inc. said yesterday.

FERC approved the combination on condition that the companies make a filing by October 15 of their plans to transfer operational control of their transmission facilities to an independent system operator or other regional transmission organization. The transfer would have to be accomplished by December 15 of next year.

In its ruling, FERC said "we find that applicants' proposed merger and mitigation commitments are consistent with the public interest. Accordingly, we will approve the merger without further investigation."

In a separate ruling, the Department of Justice and the Federal Trade Commission found no adverse effects on competition as a result of the acquisition.

William Cavanaugh, CP&L chief executive, said "Both companies are committed to FERC's vision for regional transmission entities, so we are confident we will complete this acquisition on schedule this fall." Cavanaugh will be chairman, president and chief executive of the new company formed by the merger.

The acquisition still must be approved by other federal and state regulatory agencies, including the Securities and Exchange Commission and the North Carolina Utilities Commission and by shareholders of both companies.

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