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Google and AES Sign Agreements for Co-Located Generation and Data Center in Texas

LCG, February 24, 2026--The AES Corporation (AES) and Google today announced agreements for clean power generation that will be co-located with a new Google data center in Wilbarger County, Texas. The agreements include a 20-year Power Purchase Agreements (PPA) for co-located power generation. These coordinated energy projects and powered land will enable Google to rapidly expand its operations to meet demand for core services, while AES will expand its power generation portfolio.

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Amazon Announces Plans to Invest $12 Billion in Data Center Campuses in Louisiana

LCG, February 23, 2026--Amazon today announced plans to invest $12 billion to develop and construct state-of-the-art data center campuses in northwest Louisiana that will support cloud computing technologies. Amazon is partnering with STACK Infrastructure, the developer and owner of the campuses, to lead the construction and development of the data center facilities. Amazon has already invested in solar energy projects in Louisiana, bringing up to 200 MW of new carbon-free energy onto the grid.

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Industry News

More Firms Bare Exposure to Enron Fallout

LCG, Dec. 3, 2001--Twenty more companies were added over the weekend to the list of 33 energy and financial firms admitting to exposure to millions of dollars in losses that could result from the collapse of Enron Corp.

Standard & Poor's said on Friday it has reviewed a number of credit derivative transactions in which Enron appears and found exposure to the company in three different types of these transactions. Divided among these deals, direct Enron credit exposure potentially could total $3.3 billion.

To the list of 33 potential losers reported in this space last Friday, these companies can be added:

  • ABM Amro - 110 million euros ($98 million U.S.).
  • Abbey National (UK) - 115 million ($164 million U.S.).
  • Aegon NV (Netherlands) - loans of $300 million.
  • Denbury Resources - about $26 million.
  • FPL Group - about $2 million.
  • John Hancock Financial Services Inc. - $320 million exposure to Enron's bonds, about one third of that debt secured.
  • International Power Plc - less than 2 million.
  • KCS Energy Inc. - around $3.8 million from hedges and oil and gas sold through Enron units.
  • MetLife Inc. - $63 million.
  • National Fuel Gas - $10.4 million.
  • Nicor Inc. - under $5 million.
  • Oneok Inc. - under $40 million before tax.
  • PG&E Corp.'s National Energy Group - uncollateralized exposure of about $8 million plus commodity hedge contracts with a market value of about $70 million based on forward prices.
  • Principal Financial Group - $171 million, plus another $50 million from investments in Enron-related entities.
  • Royal Bank of Scotland - 600 million ($856 million U.S.).
  • Sony Bank - $3 million.
  • Sumitomo Mitsui Banking Corp. - $210 million.
  • UtiliCorp United Inc. - two unsecured promissory notes totaling $31.5 million.
  • Westport Resources - less than $3.2 million in commodity sales contracts.
  • Wiser Oil - $6.1 million in 2001 and 2002 hedges.
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