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Arbor Signs Agreement with GridMarket for 5 GW of Baseload Power

LCG, March 25, 2026--Arbor Energy today announced an agreement with GridMarket, an energy and infrastructure project facilitator, to deliver up to 5 GW of zero-emission power starting in 2029. GridMarket supports large energy users, including data centers, manufacturers, and logistics providers, with securing reliable and cost-effective power.

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Faster-than-Expected Data Center Load Growth May Cause Increased Regional Short-term Fossil Fuel Generation and Wholesale Electricity Prices

LCG, March 18, 2026--The EIA released a new "In-depth Analysis" of the potential impact of faster-than-expected near-term growth in data center power demand on power generation and wholesale prices on March 12. The analysis models the lower 48 states through 2027 and compares results to its base case scenario. Key takeaway from this sensitivity analysis is the potential increase in fossil fuels in some regions and potentially a significant increase in wholesale prices in ERCOT.

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Industry News

Allegheny Asks Permission for Special Borrowing

LCG, July 22, 2003--With its debt already relatively high compared to equity, Allegheny Energy Inc. is seeking to issue new notes that would be backed by regulated utility units, a move that may meet with resistance from the Securities and Exchange Commission.

The $2 billion worth of borrowing by the holding company would be used to sustain the unregulated arm of the company. The requirement regarding capital structure for a company owning utilities under the 1935 Public Utility Holding Company Act is to have at least 28% equity in order to issue securities, whereas in Allegheny's case it stands at 20%. The consequences if the request is not granted could be to undermine the utilities Potomac Edison Co. and West Penn Power, according to the public utilities commissions of Maryland and Pennsylvania. Those commissions have expressed their support of the SEC granting the request.

The Wall Street Journal quoted analyst Craig Shere, with Standard & Poor's, as saying that regulators have taken part in a "backlash" against increasing debt on the part of utilities due to fallout from deregulation. Allegheny owns utilities in Maryland, West Virginia, Virginia and Pennsylvania, and may sell more assets such as trading contracts according to its cash flow situation.
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