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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

ISO Board Drops Spot Market Price Cap to $250

LCG, Aug. 2, 2000--In a rancorous meeting marked by accusations of price gouging by electricity generators and poor forward planning by utilities, the oversight board of the California Independent System Operator yesterday voted to lower the price cap on power sold in the spot wholesale electricity market from $500 to $250 per megawatt-hour.

The lower price takes effect next Monday.

The limit had been reduced from $750 to $500 only weeks ago, in response to high prices being passed through to customers of San Diego Gas & Electric Co., which no longer operates under the price freeze imposed by the California electric restructuring law.

Yesterday was the third time the oversight board had considered dropping the price cap to $250. On two previous occasions the board, after long meetings, sided with power producers who said that artificially low power prices would discourage development of new power plants in the state.

In news reported yesterday Duke Energy Corp., a North Carolina company that operates power plants in California, said it would provide state utilities with wholesale power at $50 per megawatt-hour under long-term contracts, if the law permitted it to do so.

Californias three big utilities are prevented from entering into such contracts by the electric deregulation law, which mandates that they buy all of their power through the California Power Exchange, a sister organization to Cal-ISO.

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