EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

Hydrostor Announces Offtake Agreement with California Community Power for the Willow Rock Energy Storage Center

LCG, February 12, 2026--Hydrostor today announced that the Willow Rock Energy Storage Center has signed a 50 MW offtake agreement with California Community Power (CC Power) on behalf of six of its community choice aggregator members: CleanPowerSF, Peninsula Clean Energy, Redwood Coast Energy Authority, San Jose Clean Energy, Silicon Valley Clean Energy Authority and Valley Clean Energy Authority.

Read more

VoltaGrid and INNIO Collaborate on 1.5 GW Deal for Behind-the-Meter Data Center Power Generation

LCG, February 4, 2026--Natura Resources LLC (Natura), a developer of advanced molten-salt nuclear reactors, announced yesterday that it has signed an agreement with NGL Water Solutions Permian LLC, a subsidiary of NGL Energy Partners LP (NGL), to pursue opportunities to combine Natura's advanced nuclear reactor technology with thermal desalination for power production and oil and gas produced water treatment. NGL transports, treats, recycles and disposes of more than 3 million barrels per day of produced and flowback water generated from crude oil and natural gas production in the Permian Basin.

Read more

Industry News

Williams Has Deal With Buffett and Banks

LCG, Aug. 1, 2002--An agreement between troubled William Cos. Inc., investor-billionaire Warren buffett and Lehman Brothers to sell oil and gas assets it bought only last year allows Williams to increase its total borrowing capability and improve its cash situation.

Buffett's Berkshire Hathaway Inc. and Lehman Brothers provided a $900 million senior secured credit agreement (senior being a higher level of obligation than junior). In return, MidAmerican Energy Holdings, under Berkshire Hathaway, receives preferred stock in Williams. Hugh Welton, a senior director at Fitch Ratings, a credit-rating agency, said, "it's pretty spectacular the amount of stuff they've done in a week, though it's been at the expense of selling some good assets that have contributed to their earnings profile."

Aside from the Buffet-Lehman Brothers deal, $1.1 billion of credit was secured through an existing line of $700 million, plus $400 million in new credit. Some of the other asset sales made by Williams included a $350 million sale of Wyoming natural gas assets to Encana Corp., and nearly all of its gas-related holdings in the Anadarko basin to Chesapeake Exploration LP, for $37.5 million.

Other energy companies have been worried at what was the very real prospect of a credit default this week by Williams, which would have contributed to a more dismal outlook for those companies already trying to improve fallen credit ratings. Dynegy this week sold its Northern Natural Gas pipeline to Buffett for $928 million.
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