EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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.

Read more

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.

Read more

Industry News

PG&E Creditors Approve CA Utility's Reorganization Plan

LCG, September 10, 2002-Creditors of the PG&E utility voted overwhelmingly in favor of the utility's plan to sell assets in order to recover from bankruptcy.

Pacific Gas & Electric utility declared bankruptcy in April last year after differences between wholesale electricity prices and retail price caps left it financially strapped. Earlier this year, U.S. Bankruptcy Judge Dennis Montali decided that creditors to the utility could vote on one of two plans intended to bring the utility out of bankruptcy.

The California Public Utilities Commission created one of the plans, which keeps the utility's assets under the control of California regulators, and the PG&E utility created the second plan, which involved splitting up assets into several companies, all but one of which would be moved beyond the control of state regulatory bodies.

Only one of the ten classes of the utility's creditors voted for the CPUC's plan. Energy Service Providers, or Class 7, voted against the utility's plan.

Although the utility is more than pleased by the overwhelming victory, the final decision over its $13.5 billion debt still lies with Judge Montali. Hearings on the plans are to follow.

The balloting was conducted by independent voting agent Innisfree M & A.

Copyright © 2025 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