EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

Holtec Achieves Milestone towards Restarting Palisades Nuclear Facility and Advances Plans to Build Two SMRs at Palisades Site

LCG, March 31, 2026--Holtec International yesterday announced that it successfully completed a milestone test necessary to return Holtec's Palisades Nuclear Generating Station to service. The 805-MW pressurized water reactor (PWR) is located in Michigan and was shut down by Entergy in May 2022. Holtec acquired the facility in June 2022 and has pursued a path to return the plant to service.

Read more

Arbor Signs Agreement with GridMarket for 5 GW of Baseload Power

LCG, March 25, 2026--Arbor Energy today announced an agreement with GridMarket, an energy and infrastructure project facilitator, to deliver up to 5 GW of zero-emission power starting in 2029. GridMarket supports large energy users, including data centers, manufacturers, and logistics providers, with securing reliable and cost-effective power.

Read more

Industry News

California Governor Wants Utilities to Bail Out Customers

LCG, Dec. 20, 2000--As closed-door negotiations between California Gov. Gray Davis, state legislative leaders and top officials of the state's investor-owned utilities wore into the evening yesterday, Steve Maviglio, the governor's press secretary, said Davis was trying to see how much of a loss the utilities could absorb in a bailout of California electricity users.

All voters are electricity users, so you know whose side the governor was on. But earlier this week, Pacific Gas & Electric Co. said it had paid $4.6 billion for electricity it had delivered to customers and had not been paid for. The utility wants to get its money. Southern California Edison Co. said its customers owed it $3.5 billion and it, too, would like to be paid.

To the degree the companies have to eat that $8.1 billion, it will be a minor, major or complete bailout for California consumers. Consumer activists are hoping for complete, but the governor seems ready to accept major. It's possible there could be no bailout at all.

Last Friday, commissioner William Massey of the Federal Energy Regulatory Commission noted the companies' plight and said "Some day soon a federal court, when asked, will declare that utilities are entitled to recover these high wholesale costs from their customers."

At a press conference before yesterday's meeting, Davis said "I have made it very clear to all parties: They're not recovering all their costs. They're only recovering a portion of their costs because everybody pushed for deregulation, the manufacturers and utilities, and it hasn't worked. The consumers, while having to bear some of the burden, are not going to bear all of the burden."

Davis holds electric customers blameless in the state's power fiasco, even though they continue to consume increasing amounts of electricity to operate their air-conditioners, electronic games and television sets while at the same time they oppose building new power plants anywhere in the state.

"The customers, of course, have done nothing wrong," Davis said. "There's no party of interest more important to me than the consumers of this state. They were promised a rate reduction under deregulation. This is an experiment that has gone very bad."

Copyright © 2026 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service