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LCG Releases January–March 2026 PJM Congestion Outlook Featuring Fundamentals-Based 3-Month Forecast

LCG, December 2, 2025 — LCG today announced the release of its PJM Congestion Outlook for January–March 2026, delivering a fundamentals-based, three-month forecast designed to help traders and risk managers better navigate congestion risks in PJM’s FTR markets.

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DOE Selects TVA and Holtec to Rapidly Advance Deployment of Small Modular Reactors

LCG, December 2, 2025--The U.S. Department of Energy (DOE) today announced the selection of the Tennessee Valley Authority (TVA) and Holtec Government Services (Holtec) to support early deployments of advanced, light-water small modular reactors (SMRs) in the United States. With this announcement, DOE is supporting the first-mover teams to develop and construct the first Gen III+ small modular reactor (Gen III+ SMR) plants in the United States. The project teams will receive up to $800 million in federal cost-shared funding to advance initial projects in Tennessee (TVA) and Michigan (Holtec) and act to expand the Nation’s capacity while facilitating additional follow-on projects and associated supply chains.

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Industry News

Mid-American Unit Sues SoCal Ed over Payment

LCG, Nov. 15, 2001--A subsidiary of a major Midwestern utility holding company said it filed a $100 million lawsuit yesterday against Southern California Edison Co., alleging the struggling utility has reneged on an agreement to pay part of its past-due bill.

CalEnergy Operating Corp., which is 50 percent owned by Mid-American Energy Holdings Corp., said it file suit in California Superior Court in Imperial County claiming SoCal Ed had reneged on an October promise to begin paying overdue bills for electricity produced at its geothermal plants.

In exchange for that agreement, CalEnergy and several other non-utility power producers known as "qualifying facilities" agreed not to file a petition which would force the utility into involuntary bankruptcy.

David Sokol, chairman of CalEnergy's parent company, said SoCal Ed "is reneging on its agreements with renewable energy producers. Edison protects its shareholders while little players across the state, including vendors and landowners in Imperial County, suffer."

Qualifying facilities are not, for the most part, "renewable energy producers." Most are medium-size conventional gas-fueled plants, many of which are cogeneration units, built in response to the Public Utility Regulatory Policies Act (PURPA) of 1978.

SoCal Ed took umbrage in a statement issued yesterday. "We categorically reject as untrue the claim that SCE breached any settlement agreement with CalEnergy or otherwise acted inappropriately," the utility said, adding that it hoped to be able to pay all its creditors early in the new year.

"Meanwhile, we believe it is important to deal fairly and equitably with all creditors and not to single out one group for preferential payments," the company said.

Mid-American Energy is majority owned by billionaire investor Warren Buffett's Berkshire Hathaway Inc. and is the largest utility in Iowa, with operations extending into Illinois and South Dakota.

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