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TVA Announces Two Energy Storage Agreements Totaling 425 MW/1,700 MWh

LCG, April 22, 2026--The Tennessee Valley Authority (TVA) yesterday announced two new, 20-year agreements for a 225 MW/900 MWh battery energy storage system (BESS) project in East Tennessee and for a 200 MW/800 MWh BESS project in northern Alabama. Both projects are planned to commence commercial operations in 2029.

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Suniva Announces New Facility to Dramatically Increase Solar Cell Manufacturing Capacity in America

LCG, April 15, 2026--Suniva announced yesterday that it has entered agreements to bring a state-of-the-art 4.5 GW solar cell manufacturing facility to Laurens, South Carolina. The new facility, combined with Suniva’s existing facility at its headquarters in metro Atlanta, will bring the company’s total annual domestic solar cell manufacturing capacity to over 5.5 GW.

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Industry News

New Jersey Utility Has Its Eye on Cinergy

LCG, March 9, 2001New Jersey-based Public Service Enterprise Group Inc. is in "advanced discussions" to acquire Cinergy Corp. of Ohio, according to this morning's edition of the Wall Street Journal.

The paper says the acquisition would cost PSEG more than $5.6 billion in stock plus $2.9 billion in assumption of long-term debt. That works out to a very small premium for Cinergy shareholders who would have to approve the deal.

In an attempt to confirm the deal, the Wall Street contacted PSEG spokesman Paul Rosengren who said "I don't make comments on deals that may or may not be under discussion."

Cinergy chairman and chief executive James Rogers could be a sticking point in a merger with PSEG. He is known to enjoy being top man and would want to run the combined companies, but would have to wait in the wings for perhaps as long as five years.

A former deputy general counsel for the Federal Energy Regulatory Commission, Rogers has proved adept at coping with changes in the electric market and would like the chance to run a bigger company. As long ago as 1996, musing about "convergence" among utilities, he asked metaphorically "Cinergy-Sprint? Why not?"

In the deal envisioned by the paper, Cinergy would take a back seat, even though it is the larger company in terms of revenues. PSEG would likely have eight of the 14 seats on the board and E. James Ferland, PSEG's chairman, president and CEO would run the show.

Now, if the transaction were structured so that Rogers were chairman and chief executive and Ferland were chairman emeritus, that would be something else.

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