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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

Calpine May Renegotiate California Power Contracts

LCG, Dec. 12, 2001--Calpine Corp. said yesterday it will meet later this week with California state officials to discuss long-term power contracts between the independent power producer and the California Department of Water Resources.

The contracts, negotiated last spring when the state was facing a future of rolling blackouts due to power shortages, are for electricity at prices significantly higher than the current spot market price of $25 per megawatt-hour.

The CDWR, which signed $43 million worth of those contracts at an average price of $69 per megawatt-hour, has been under intense pressure to renegotiate them.

Calpine did not say it would rewrite its contracts to give the state a better price.

"Calpine and the state stand behind their respective contractual obligations. However, we are open to working with (the CDWR) to explore options that can add value for both parties," said James Macias, Calpine's lead negotiator for the contracts.

Under two contracts, Calpine has contracted to provide the CDWR with up to 2,000 megawatts of baseload power and up to 735 megawatts of peaking power, all of it from its own natural gas-fueled power plants.

Because Calpine, at the time the contracts were negotiated, let contracts for the supply of natural gas fuel for the plants at then-high gas prices, it would be difficult for the company to now reduce the amount it is to be paid for the power, observers say.

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