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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

Power Auction Nets Alberta $1 Billion Canadian

LCG, Dec. 7, 2000--An Alberta power auction of about 2,000 megawatts of firm capacity has produced $2.3 billion Canadian ($1.5 billion U.S.) as buyers rushed to sew up electricity supply ahead of the province's deregulation of its electric industry.

After the cost of producing the power is deducted, the province will have about $1 billion Canadian ($650 million) to share with ratepayers, as a balm for their paying that much for power.

The Internet auction took place on Monday and Tuesday, with the results released yesterday afternoon. Those results were a surprise when compared to an auction of 4,249 megawatts last August, which grossed $1.15 billion Canadian ($745 million).

Alberta Resource Minister Mike Cardinal said the high prices are a result of tightening demand, adding that he expects prices to ease in 2002 and 2003 as more generation capacity is built. He confirmed that the government will distribute some of the proceeds to power users to ease the pain of the high prices paid for power in the auction.

Dan Macnamara, president of the Industrial Power Consumers Association, said the high price paid for power -- more than $120 Canadian ($78) per megawatt-hour versus the $40 Canadian ($25) his customers are used to paying -- was a disaster.

"We have now set a very high level of wholesale prices in Alberta. The result is going to be more than a doubling of everybody's bills," he said.

Most of the buyers in the auction were Macnamara's members -- large companies purchasing firm power for their own use. The higher power cost will be passed along to their customers in the form of higher prices for the goods and services they sell.

Last week, Alberta Premier Ralph Klein's government capped residential, farm and small business rates for 2000 and ruled out rate surcharges for those customers in 2001.

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