EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

TerraPower Announces Start of Construction on First Utility-Scale Advanced Nuclear Plant in Wyoming

LCG, April 23, 2026--TerraPower announced today the official start of construction on its Kemmerer Unit 1 nuclear power plant, which could be the first utility-scale advanced nuclear power plant in the United States. In early March, the Nuclear Regulatory Commission (NRC) announced that it had authorized the staff to issue a construction permit for Unit 1 commercial nuclear power plant in Kemmerer, Wyoming.

Read more

TVA Announces Two Energy Storage Agreements Totaling 425 MW/1,700 MWh

LCG, April 22, 2026--The Tennessee Valley Authority (TVA) yesterday announced two new, 20-year agreements for a 225 MW/900 MWh battery energy storage system (BESS) project in East Tennessee and for a 200 MW/800 MWh BESS project in northern Alabama. Both projects are planned to commence commercial operations in 2029.

Read more

Industry News

Bonneville Will Cut Prices on Cal Power Contract

LCG, Dec. 17, 2001--The Bonneville Power Administration agreed last week to lower the prices of electricity it sold to the California Department of Water Resources under a contract negotiated last spring when the state was a desperate buyer in a seller's market.

The small contract, for 18 megawatts of power through April 31 of next year, was at the average rate of $55 per megawatt-hour, more than double the current price for power on the spot market. Bonneville will cut the price of the power to $29 per megawatt-hour.

The water agency has committed $43 billion on 56 long-term contracts, mostly extending 10 years into the future, but some running as long as 20 years. Intense pressure has been brought to bear on the CDWR by newspapers, the public and other state agencies to renegotiate the contracts, but few power sellers appear willing.

Calpine Corp., which has three contracts to sell the CDWR 2,500 megawatts of power for about $13 billion over 10 to 20 years at prices between $70 and $80 per megawatt hour, will me with the water agency seeking to find "something of value" in the deals, but said it "stands by" its contracts.

Only one other power producer admits to conversations with the CDWR. NRG Energy Inc. said Friday that he CDWR has approached the company about renegotiating a contract, but no commitments have been made. NRG chief executive Dave Peterson said the company would consider dropping its price to around $30 per megawatt-hour in exchange for an extension of the contract.

"We could give them price flexibility without affecting our position," he said.

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