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Wärtsilä to Supply the Engineering and Equipment to East Kentucky Power Cooperative for 217-MW Power Plant

LCG, August 27, 2025--Wärtsilä Energy announced yesterday an agreement with East Kentucky Power Cooperative (EKPC) to supply the engineering and equipment for a 217-MW power plant to be constructed in Liberty, Kentucky. The Wärtsilä equipment is scheduled for delivery in mid-2027, and the plant is expected to be commissioned in early 2028.

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TerraPower, Utah's Office of Energy Development, and Flagship Companies Sign MOU to Identify Sites for Advanced Nuclear Reactors

LCG, August 25, 2025--The Utah Office of Energy Development (OED), TerraPower and Flagship Companies announced today the signing of a Memorandum of Understanding (MOU) to explore the potential siting of a Natrium® nuclear reactor and energy storage plant in Utah. The MOU establishes a shared commitment to support advanced nuclear technologies to build Utah’s energy future and to prioritize reliability, economic growth and energy abundance.

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Industry News

Energy East to Buy RGS Energy for $1.4 Billion

LCG, Feb. 20, 2001Energy East Corp. said this morning it had agreed to acquire RGS Energy Group Inc. for $1.4 billion in cash and stock, in a move that could help Energy East live up to its billing as a "super-regional" energy company.

The acquisition would create a company with $5 billion in annual revenues and close to $10 billion in assets. The combination of Energy East's New York State Electric & Gas Co. and RGS' Rochester Gas & Electric Co. would give it nearly 3 million customers.

Directors of both companies have approved the transaction, which Energy East will record as a purchase. Regulatory approvals are expected to take about a year.

The two operating utilities' service territories have about 200 miles of contiguous border which is expected to produce about $50 million in annual savings. The new company would have operations in upstate New York, Connecticut, Maine, Vermont and Massachusetts.

Under the deal, RGS Energy shareholders would receive the equivalent of $39.50 for each share of RGS stock they own, a 19 percent premium over Friday's closing price on the New York Stock Exchange. RGS shareholders could select how they want the deal handled so long as the overall ratio of cash to stock is 55 to 45.

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