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NTT DATA Announces 900 MW of Onsite Power Agreement with Bloom Energy Across Multiple Data Center Projects

LCG, November 5, 2026--NTT DATA, an AI, digital business and technology services company, today announced an agreement with Bloom Energy to deploy 900 MW of Bloom Energy's fuel cell technology to power multiple data center projects around the world. The agreement is Bloom Energy's largest international project to date.

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Vistra Announces Acquisition of Cogentrix Energy's 5,500 MW Gas-Fired Fleet is Complete

LCG, November 2, 2026--Vistra Corp. announced on October 30 that, following receipt of all required regulatory approvals, it has completed the acquisition of Cogentrix Energy from funds managed by Quantum Capital Group. The acquisition consists of 10 natural gas-fired power generation facilities totaling nearly 5,500 MW of capacity. The addition of Cogentrix's facilities to Vistra's existing generation portfolio raises Vistra's U.S. generation portfolio to nearly 50,000 MW.

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Industry News

What FERC Found Wrong with California Regulation

LCG, Nov. 3, 2000--An investigation into the California electricity market by the staff of the Federal Energy Regulatory Commission found a lot of things wrong with the ways in which state regulators and politicians have handled the deregulated power industry, but three problems cause most of the trouble.

In the first place, there were no identifiable bogeymen behind the run-up in electricity prices this past summer. The high wholesale prices -- ultimately high retail prices to customers of San Diego Gas & Electric Co. -- were the work of competitive market forces, known to economists as the law of supply and demand.

FERC's staff said that unusually high temperatures for protracted periods coupled with an insufficiency of generation resources were the main cause of the high prices, though increased power production costs played a part.

In the second place, FERC found that the way the California Independent System Operator handles the problem of replacement reserves -- going into the market to buy power when margins fall below specified levels -- actually increases market prices. The staff recommended an overhaul of Cal-ISO's market rules.

Third, and possibly most significant, was FERC's finding that the deregulation law's requirement that the state's three investor-owned utilities make all their electricity transactions through the California Power Exchange placed the companies at the mercy of the volatile spot market while denying them risk management options such as long-term power supply contacts to replace capacity lost when they were forced to divest generation assets.

George Sladoje, chief executive of Cal-PX, agreed with FERC and implied that his exchange should have been a voluntary market all along. "The proposed elimination of the mandatory must buy-sell requirement is consistent with independent governance and the market and regulatory flexibility that the Cal-PX had anticipated," he said.

The FERC staff also noted with some dismay that there seemed to be no response on the part of the load to the high prices. Apparently times are so good that electricity customers shrugged their shoulders and kept burning power during peak periods, and then complained to regulators and politicians who just made matters worse.

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