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Duke Energy Proposes to Build 1,400-MW Natural Gas-Fired Power Plant in South Carolina

LCG, June 9, 2025--Duke Energy announced today its intent to submit an application to the Public Service Commission of South Carolina (PSCSC) for approval to build a new natural gas combined-cycle generating facility with hydrogen capability in Anderson County, South Carolina. The company plans to submit the construction application to the PSCSC later this year. If approved, it expects construction would commence in summer 2027, with operations beginning by early 2031.

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Energy Vault and Jupiter Power Announce New Agreement for Battery Energy Storage System in Texas

LCG, June 4, 2025--Energy Vault Holdings Inc. (Energy Vault) and Jupiter Power (Jupiter) today announced the signing of an agreement for the supply of an additional battery energy storage system (BESS) at a Jupiter site in the Electric Reliability Council of Texas (ERCOT) region. The initial BESS project, located near Fort Stockton, Texas, was completed in July 2024, with a storage capacity 100 MW/200 MWh. The new BESS project will add another 100 MW/200 MWh of capacity. Construction has commenced, and the project is expected to achieve commercial operations by the end of this summer.

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Industry News

Philly Gas Works Allowed 30 Percent Rate Hike

LCG, Jan. 12, 2001--The Pennsylvania Public Utility Commission said yesterday it had approved a request by the Philadelphia Gas Works to raise its gas cost rate by an additional $133 million, or about 30 percent for residential customers, in order to cover the sharply escalating cost of natural gas.

The increase will raise the monthly bill for a typical residential heating customer using 10,000 cubic feet of gas per month from approximately $104.58 to $136.12 and will be effective retroactive to January 1. The rate hike comes on top of a $97 million gas cost increase the PUC approved last November.

The PUC point out that the gas cost represents what Philly Gas Works pays for wholesale natural gas. The company passes through to consumers the cost of buying gas and does not make a profit on it. The gas cost charge is one part of a customer's bill. Customers also pay a base rate charge that includes transmission and distribution charges.

Philly Gas Works wants to bump the delivery charge, too, and has asked the PUC for a $65 million base rate increase. The regulators have nine months to rule on that one.

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