EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

Duke Energy Submits Early Site Permit Application to NRC for New Nuclear Reactors in North Carolina

LCG, December 30, 2025--Duke Energy announced today its submission of an early site permit (ESP) application to the U.S. Nuclear Regulatory Commission (NRC). The site is near the Belews Creek Steam Station in Stokes County, North Carolina. The submittal follows two years of work at the site, and the announcement states that the submittal is part of Duke Energy's strategic, on-going commitment to evaluate new nuclear generation options to reliably meet the growing electricity needs of its customers while reducing costs and risks.

Read more

The NRC Issues Summary of 2025 Successes

LCG, December 29, 2025--The Nuclear Regulatory Commission (NRC) today issued a summary of its 2025 accomplishments to highlight its commitment to "enabling the safe and secure use of civilian nuclear energy and radioactive materials through efficient and reliable licensing, oversight, and regulation to benefit society and the environment."

Read more

Industry News

Congressman Wants Enron's Accountants Probed

LCG, Nov. 20, 2001--U.S. Congressman John Dingell, a Michigan Democrat who considers himself the "dean of the House of Representatives" and who is the ranking Democrat on the House Energy and Commerce Committee, has called for an investigation of accounting firm Arthur Andersen in connection with its audits of Enron Corp.

In a letter released yesterday, Dingell asked the Public Oversight Board for "an oversight review or special investigation of Arthur Andersen LLP."

In his letter, Dingell wrote "The best accounting standards in the world are meaningless if the accounting and audit processes are so inept or corrupt that they produce unreliable numbers and untruthful reporting."

As high-flying Enron has collapsed, beset by a Securities and Exchange Commission investigation into several partnerships involved in "off-balance-sheet" transactions, the company has been forced to restate its earnings for recent years.

Critics have asked why the company or its accountants couldn't get the numbers right the first time. Chicago-based Arthur Andersen has also been scored for not doing more as Enron's auditor to draw investors' attention to questionable accounting practices.

Dingell is one of those critics. "I request that (the Public Oversight Board's) investigation or review include adequate, transparent and public disclosure of all significant issues identified," he wrote.

Arthur Andersen is one of the so-called "Big Five" accounting firms -- which consists of The Big Five: Andersen, Deloitte & Touche, Ernst & Young, KPMG Peat Marwick and Price Waterhouse Coopers.

They were once known as the "Big Eight," but that was before William Cooper merged with Lybrand, Adam & Edward Ross, & Robert Montgomery and later with Price Waterhouse & Co.; before Deloitte merged with Touche, Ross, Bailey & Smart; and before Ernst & Whinney merged with Arthur Young.

As the huge accounting firms have consolidated into fewer companies, they have branched out into all kinds of consulting, raising questions about possible conflicts of interest. A lawsuit in Oregon charges that Arthur Andersen's judgment in its Enron audits was impaired by fat fees it was collecting from the energy company.

In a response to Dingell's letter, Andersen spokesman David Talbot said he firm was confident that the Public Oversight Board process "will confirm the quality of our auditing processes."

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