EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

Southwest Power Pool Board Approves New Process to Accelerate High Impact Large Load Connections

LCG, September 16, 2025--Southwest Power Pool’s (SPP) Board of Directors today announced that the Board approved a process to facilitate the connection of large users of electricity to the power grid while continuing to support energy needs for the entire region. SPP's new process is designed to incorporate transmission service, generation, load interconnection and other relevant reliability studies into a single framework that enables timely, informed decision-making and action.

Read more

Longroad Energy Announces Financial Close of 1000 Mile Solar Project in Texas

LCG, September 15, 2025--Longroad Energy announced today the financial close of 1000 Mile Solar, its 300 MWac (400 MWdc) solar project in Yoakum County, Texas. Longroad Energy finalized a long-term offtake agreement with Meta late last year in the form of an Environmental Attributes Purchase Agreement, which includes a financial settlement arrangement for the entire energy output of 1000 Mile Solar.

Read more

Industry News

CP&L to Call Itself 'Progress Energy'

LCG, Dec. 4, 2000--From now on, just call Carolina Power & Light Co.'s parent holding company "Progress Energy." CP&L Energy Inc. did not say in a news release this morning whether the new company name takes an "Inc." or a "Corp."

But it's a welcome departure from recent industry practice in that the new company name incorporates the word "Energy" and is in English.

The new holding company, created by CP&L Energy's acquisition of Florida Progress Corp., intends to put the "Progress" moniker on everything except Carolina Power & Light and Florida Power Corp., its two operating utilities. However, the company will gussy up the company trucks, bills and other things with a new red and gold trademark.

The company created by the merger of two big Southeast utilities is one of the top 10 U.S. generators of electricity, with more than 19,000 megawatts of total capacity. It serves about 2.8 million customers in the Carolinas and Florida and has over $7 billion in annual operating revenues.

"Progress Energy is built on the strength of two solid companies with long traditions of service toour customers and communities," said William Cavanaugh, chairman, president and chief executive. "Our financial strength and stability position the company to deliver reliable, reasonably priced energy to the communities we serve."

He added, "Our increased size and assets provide us with a platform for growth and the ability to compete in any business environment. Although we are structured for stability, we have no intention of standing still."

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