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Holtec Receives New Nuclear Fuel at Palisades for Planned Restart

LCG, October 20, 2025--Holtec International announced today that the Palisades Nuclear Power Plant site in Michigan has received new nuclear fuel – 68 assemblies in total – that achieves a major milestone on the path to restarting the plant. The 800-MW facility was shutdown and decommissioned in 2022 due primarily for economic reasons; however, Holtec is progressing towards restarting the original unit by the end of this year, pending all necessary federal regulatory reviews and approvals. Achieving a successful restart of a shutdown nuclear unit will be a historic first for the nuclear industry.

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Calpine Closes Texas Energy Fund Loan for 460-MW Pin Oak Creek Peaking Facility

LCG, October 14, 2025--Calpine Corporation today announced the close of a Texas Energy Fund (TxEF) loan agreement to support development of the Pin Oak Creek project, a 460-MW, natural gas-fired peaking facility adjacent to Calpine's Freestone Energy Center, a gas-fired combined-cycle facility located on approximately 506 acres near Fairfield, Texas.

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Industry News

Con Edison Asks Court to Cancel Northeast Merger

LCG, March 7, 2001Consolidated Edison Inc. beat Northeast Utilities to court yesterday, filing suit in U.S. District Court in New York, asking that actions by Northeast make that firm incapable of fulfilling terms of a planned merger between the two companies.

Con Edison's $3.8 billion takeover of Northeast, announced in October 1999, began to unravel when Connecticut regulators approved the deal with conditions Con Edison said were "onerous." Last Wednesday, Northeast asked Con Edison to reaffirm in writing its intent to consummate the transaction and set a Friday deadline for an answer, later extending the deadline to Monday.

Having not heard from Con Edison except through the press, Northeast said yesterday it would go to court to break up the planned marriage. Northeast had not yet filed suit last night, but said the Con Edison suit is without merit.

In its suit, Con Edison claims a deal between Northeast's unregulated subsidiary, Select Energy Inc., and Connecticut Light & Power Co., a regulated utility subsidiary of Northeast, for more than 2,000 megawatts of power violates a "precedent" of the merger agreement.

Northeast told Con Edison last September that it might not have enough electricity to fulfill the obligation, but now that power prices have risen significantly, it makes a bigger difference. "The current adverse exposure is material," Con Edison's lawsuit says.

Con Edison said in its suit that there have been other "adverse" changes at Northeast since the merger was agreed to and, taken together, they represent a breach of the merger agreement.

Michael G. Morris, Northeast's chief executive, has said throughout that his company is more valuable today than when the merger was announced.

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