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EIA Estimates Record U.S. Electric Generating Capacity Additions in 2026, with Solar in the Lead

LCG, February 20, 2026--The EIA today issued an "in-brief analysis" that estimates U.S. power plant developers and operators plan to complete a record installation of 86 GW of new, utility-scale electric generating capacity that is connected to the U.S. power grid in 2026. Last year, 53 GW of new capacity was added to the grid, which was the largest capacity installation in a single year since 2002. Thus the estimate of 86 GW of new capacity in 2026 is a whopping 33 GW greater than the year prior. It should be noted that over 20 GW of the 86 GW of new capacity this year is estimated to be completed in December.

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Enhanced Geothermal Systems May Drive Significant Growth in Geothermal Power Generation

LCG, February 19, 2026--The EIA released an "in-brief analysis" today regarding the expected completion of the first, large-scale commercial enhanced geothermal system (EGS) in June 2026, and the significant growth potential for year-round, 24x7, carbon-free, renewable EGS power generation in the United States.

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Industry News

Legislators Ask For Price Cap Extension

LCG, May 16, 2002-Western senators have asked the Federal Energy Regulatory Commission to continue the electricity price caps set last year to curb out-of-control prices.

Wholesale Californian electricity is sold at a maximum of $92 per MW-hr right now, but this price limitation will expire September 30.

Senators, including California's Barbara Boxer-D and Oregon's Ron Wyden-D, implored FERC to keep the limitations beyond the deadline, however FERC does not consider price caps an ideal method of regulating the market.

FERC has not decided what action will be taken and is still waiting for information from some California parties involved. The California Independent System Operator (ISO) has requested extension but has also submitted a plan, part of a larger proposal, to help control electricity prices. The ISO is responsible for reliability in the system and handles the California electricity grid.

Legislators have a renewed interest in electricity prices and contracts after the release of memos linking California's energy crisis of 2000/2001 to market "manipulation" by power companies like Enron.

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