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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

Nevada Power Allowed One-Month Rate Increase

LCG, May 24, 2002--The Nevada Power Co. will be allowed a one-month charge of one cent per kilowatt-hour in order to speed payments on power purchases and improve its cash flow heading into the summer.

The charge, which will increase bills for residential customers by $12 on average, was advocated by the chairman of the state Public Utilities Commission, Don Soderberg. Soderberg said that the charge, which will not increase the company's revenue, will reduce future interest payments for power purchases by $2.5 million.

Bond and credit ratings for Nevada Power have suffered after the rejection of a $922 million rate case, with half of that rate increase being approved. Critics of the utility had said that long-term purchases made in 2001 during the Western power crisis were contracted at too high a price.

Soderberg deflected criticism from state consumer advocate Tim Hay, who said the Bureau of Consumer Protection was "surprised by what appears to be an arbitrary decision by the commission" to speed payments on outstanding power bills. The PUC chairman said that although the charge was meant to give the utility a "shot in the arm" to avoid possible Chapter 11 bankruptcy, he would not consider a similar charge for the late summer months of July and August, when consumer bills will be high due to increased power usage for air conditioning.
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