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NextEra Energy and Google Collaborate on Accelerating Nuclear Power Deployment

LCG, October 28, 2025--NextEra Energy and Google yesterday announced two agreements that will help meet growing electricity demand from artificial intelligence (AI) with clean, reliable, 24/7 nuclear power and strengthen the nation's nuclear leadership. First, Google signed a new, 25-year agreement for power generated at the Duane Arnold Energy Center, Iowa's only nuclear power facility. The 601-MW boiling water reactor unit was shut down in 2020 and is expected to commence operations by the first quarter of 2029, pending regulatory approvals to restart the plant.

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Google Announces Gas-fired Broadwing Energy Project with CCS

LCG, October 23, 2025--Google announced today a first-of-its kind agreement to support a natural gas-fired power plant with carbon capture and storage (CCS). The 400-MW Broadwing Energy power project, located in Decatur, Illinois, will capture and permanently store its carbon dioxide (CO2) emissions. By agreeing to buy most of the power it generates, Google is helping get this new, baseload power source built and connected to the regional grid that supports our data centers.

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Industry News

TXU Says Aussie Regulatory Climate May Force Asset Sales

LCG, Nov. 14, 2000--TXU Corp.'s Australian subsidiary may consider selling its electricity and natural gas distribution assets in the commonwealth if the regulatory climate does not improve, Steve Philley, newly arrived as chief executive of TXU Australia Pty Ltd., said this morning.

Speaking to the Australian Institute of Company Directors, Philley said distribution companies were earning only 5 percent to 7 percent on equity against the 10 percent considered necessary. "If we determine that our shareholders are best served by monetizing our investments, we will certainly do that," he said.

Philley pointed to a decision by the Office of Regulator-General in the state of Victoria that would regulate returns for the next five years. The state's distribution companies say the decision would cost them $1 billion Australian ($520,000 U.S.) and runs counter to incentives offered when the distributors were privatized.

Philley said an appeal of the Regulator-General's ruling to the Victoria state Supreme Court is "under active consideration and is a possibility, but no final decisions has been made." He cautioned that if there were no incentives to invest the distribution systems would be unable to keep pace with demand and power failures would be the likely result.

"It is becoming increasingly difficult to come up with ways to invest new capital in this sector, in this region, as the markets struggle to understand what the future offers here in Victoria," Philley said.

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