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NextEra Energy and Google Collaborate on Accelerating Nuclear Power Deployment

LCG, October 28, 2025--NextEra Energy and Google yesterday announced two agreements that will help meet growing electricity demand from artificial intelligence (AI) with clean, reliable, 24/7 nuclear power and strengthen the nation's nuclear leadership. First, Google signed a new, 25-year agreement for power generated at the Duane Arnold Energy Center, Iowa's only nuclear power facility. The 601-MW boiling water reactor unit was shut down in 2020 and is expected to commence operations by the first quarter of 2029, pending regulatory approvals to restart the plant.

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Google Announces Gas-fired Broadwing Energy Project with CCS

LCG, October 23, 2025--Google announced today a first-of-its kind agreement to support a natural gas-fired power plant with carbon capture and storage (CCS). The 400-MW Broadwing Energy power project, located in Decatur, Illinois, will capture and permanently store its carbon dioxide (CO2) emissions. By agreeing to buy most of the power it generates, Google is helping get this new, baseload power source built and connected to the regional grid that supports our data centers.

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Industry News

Dynegy to Buy Enron; No Job for Lay

LCG, Nov. 12, 2001--Enron Corp. agreed on Friday to be bought out by the much smaller Dynegy Inc. for about $9 billion in stock, and that fire sale price of around $10.41 a share reflects a fat premium over Enron's Friday closing price of $8.63 on the New York Stock Exchange.

ChevronTexaco Corp., which owns a 27 percent interest in Dynegy, will provide $2.5 billion in new equity in Dynegy to back the deal, the companies said.

Enron chief executive Kenneth Lay said the move was agreed to reluctantly. He had hoped his company, which he helped build from a mid-level natural gas pipeline into a corporate powerhouse, could find its own way out of its problems, but said the daily doses of negative news proved too much.

"It has been a fairly consistent barrage of really negative articles and it's been very tough to beat those back," said Lay, who will not have a role in management of the combined companies.

Enron's reported revenues of $100 billion for the year 2000 dwarf Dynegy's reported $29 billion, but the smaller company may be using money with more substance, and Enron's figures could more accurately reflect trading volume and not sales of something it owned.

Enron earned only $1 billion in 2000 -- a paltry one cent on the dollar of what it reported as revenues. Dynegy earned a half-billion, a return of 1.7 percent.

Chuck Watson, chairman and chief executive of Dynegy, said Enron was subjected to the most searching scrutiny before the offer was made. "We looked under the hood and guess what? It's just as strong as we thought it was," he said.

Enron was riding high earlier in the year, with its stock trading in the low $80s, but revelations about mysterious partnerships and "off-balance-sheet" transactions sent it into a power dive from which it never recovered.

"Off-balance-sheet financing is a nice, gentlemanly label given to misrepresentation," said Shyam Sunder, a Yale University accounting professor.

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