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OPG Completes Darlington Nuclear Station Refurbishment Project Under Budget and Ahead of Schedule

LCG, February 2, 2026--Ontario Power Generation (OPG) announced today that construction on the four-unit Darlington Refurbishment project is now complete. Station staff are completing final testing, and the last unit is expected to return to service in the coming weeks. OPG stated that the overall project is currently four months ahead of schedule and $150 million under budget.

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NERC's New Annual Assessment Shows Rapid Demand Growth Increasing Resource Adequacy Risks Across North America

LCG, January 30, 2026--The North American Electric Reliability Corporation (NERC) yesterday issued its 2025 Long-Term Reliability Assessment (LTRA) and infographic that spotlight intensifying resource adequacy risks throughout the North American bulk power system (BPS) over the next 10 years.

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Industry News

NextEra Advances Financing for 250-MW Solar Project in California

LCG, August 30, 2011--NextEra Energy Resources, LLC, announced yesterday that its subsidiary, Genesis Solar, LLC, has closed on construction and term financing consisting of $702 million in project bonds, a $150 million project term loan facility and an $83 million project letter of credit facility for a 250-MW concentrating solar thermal generating facility located in Riverside County, California. In addition, the U.S. Department of Energy (DOE) provided a loan guarantee of 80 percent of the principal and interest on the project bonds and project term loan under its Financial Institution Partnership Program for the project.

The Genesis Solar Energy Project is a concentrating solar power (CSP) project that includes two, 125-MW power block facilities that will incorporate parabolic trough solar thermal technology. Over 500,000 parabolic mirrors will be assembled in rows located on about 1,800 acres in the Sonoran Desert. Power will be generated from steam turbine generators receiving steam from solar steam generators that use a heat-transfer fluid exposed to the sun in arrays of parabolic mirrors.
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