EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

Duke Energy Submits Early Site Permit Application to NRC for New Nuclear Reactors in North Carolina

LCG, December 30, 2025--Duke Energy announced today its submission of an early site permit (ESP) application to the U.S. Nuclear Regulatory Commission (NRC). The site is near the Belews Creek Steam Station in Stokes County, North Carolina. The submittal follows two years of work at the site, and the announcement states that the submittal is part of Duke Energy's strategic, on-going commitment to evaluate new nuclear generation options to reliably meet the growing electricity needs of its customers while reducing costs and risks.

Read more

The NRC Issues Summary of 2025 Successes

LCG, December 29, 2025--The Nuclear Regulatory Commission (NRC) today issued a summary of its 2025 accomplishments to highlight its commitment to "enabling the safe and secure use of civilian nuclear energy and radioactive materials through efficient and reliable licensing, oversight, and regulation to benefit society and the environment."

Read more

Industry News

Day One at the PG&E Utility Bankruptcy Hearing

LCG, November 19, 2002Yesterday saw the first day of a hearing regarding the future of the Northern California utility Pacific Gas & Electric.

PG&E, not to be confused with its parent company PG&E Corp., filed for bankruptcy last year during the California power crisis. The utility, which serves customers in the northern part of the state, could not manage to make enough return from retail electricity because of the high cost of wholesale power during the crisis. Other California utilities escaped bankruptcy proceedings, but all had hand power purchasing duties over to the state Department of Water Resources due to credit problems.

Since first filing for bankruptcy last year, the utility has been facing off with the California Public Utilities Commission on how the utility should emerge from bankruptcy. Creditors to the utility had an opportunity to vote on two plans presented by the CPUC and the utility respectively. The vote was to be considered by U.S. Bankruptcy Court Judge Dennis Montali. Since the resulting vote was not unanimously in favor of the utilitys plan, a hearing began yesterday regarding PG&Es future.

Yesterday, the CPUC began presenting its bankruptcy plan for PG&E to a packed courtroom. The commission wants to use $500 million in preferred stock, in addition to other securities, to repay creditors. The CPUC would also guarantee that the utility could keep its retail price high enough to produce consistent revenue.

While the CPUC plan gets criticism for being vague, the PG&E plan requires the preemption of several state laws; PG&E hopes to win approval for the creation of four new companies, three of which would fall outside of the regulatory reach of the CPUC.

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