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News
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LCG, June 26, 2025--Invenergy today announced that they and Meta Platforms, Inc. have signed four new clean energy agreements that total an additional 791 MW of procured solar and wind capacity to support Meta's near-term operations, data center growth, and clean energy goals.
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LCG, June 23, 2025--The Governor of New York today directed the New York Power Authority (NYPA) to develop and construct an advanced nuclear power plant in upstate New York to deliver zero-emission power that supports a reliable and affordable electric grid. NYPA will lead the effort to develop at least one new nuclear energy facility with a combined capacity of at least one gigawatt (GW) of electricity, either alone or in partnership with private entities. The directive builds on the Governor’s 2025 State of the State to develop nuclear energy plans in New York.
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Industry News
Financing Obtained for Calpine's 600-MW Russell City Energy Center
LCG, June 28, 2011--Calpine Corporation announced yesterday that they have an $844.5 million credit facility to finance construction of the 619-MW, combined-cycle Russell City Energy Center. A Calpine affiliate owns 75% of Russell City and a GE Energy Financial Services affiliate owns the balance.
The new project finance facility includes a construction loan that will convert to a 10-year term loan when commercial operations commence. Construction started at the site in Hayward, California, and commercial operations are scheduled to commence in mid-2013. A ten-year, power purchase agreement (PPA) for the output from the plant is in place with Pacific Gas and Electric Company (PG&E), and PG&E will provide natural gas to the plant.
Calpine's President and Chief Executive Officer stated, "This financing marks an important milestone in our effort to bring much-needed electric power supply to California's Bay Area, allowing us to complete the construction of a modern, flexible, highly efficient, clean and low-carbon energy resource."
The Russell City Energy Center project began in 2001, but California's energy crisis and Calpine's subsequent financial challenges put the project on hold. In September 2007, the California Energy Commission (CEC) approved the natural gas-fired power plant project.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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