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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.

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Faster-than-Expected Data Center Load Growth May Cause Increased Regional Short-term Fossil Fuel Generation and Wholesale Electricity Prices

LCG, March 18, 2026--The EIA released a new "In-depth Analysis" of the potential impact of faster-than-expected near-term growth in data center power demand on power generation and wholesale prices on March 12. The analysis models the lower 48 states through 2027 and compares results to its base case scenario. Key takeaway from this sensitivity analysis is the potential increase in fossil fuels in some regions and potentially a significant increase in wholesale prices in ERCOT.

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Industry News

York Research Defaults on Bonds, Ousts CEO

LCG, Oct. 31, 2001--Renewable energy firm York Research Corp. said yesterday that the $10,345,000 payment due under terms of $150 million of bonds issued by York Power Funding (Cayman) Limited would not be made.

The company said that failure to make the payment, which was due yesterday, before November 9 would constitute default and allow the bonds' trustee to exercise remedies against the collateral put up for the borrowing.

The collateral consists of York's interest in its Trinidad Project, Big Spring Project, Brooklyn Navy Yard Project and Warbasse Project.

York also said it had over the past 18 months used for its general corporate purposes about $17.5 million in revenues generated by the Trinidad Project, which was a violation of bond covenants.

As a result of these problems, Robert M. Beningson has been sacked as chairman, president and chief executive and was placed on unpaid leave of absence. Executive Vice President Robert C. Paladino has agreed to take over Beningson's functions.

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