EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

NRC Completes Safety Review of Construction Permit Application for TerraPower's Kemmerer Power Station in Wyoming

LCG, December 1, 2025--The Nuclear Regulatory Commission (NRC) announced today that the NRC staff completed its final safety evaluation for the application submitted by TerraPower, on behalf of its subsidiary US SFR Owner, to construct the Kemmerer Power Station Unit 1 in Kemmerer, Wyoming. Unit 1 will be the first nuclear project of its kind using the Natrium advanced reactor design. The evaluation concludes there are no safety aspects that would preclude issuing the construction permit.

Read more

RWE Commissions the 200-MW Stoneridge Solar Project in Texas

LCG, November 26, 2025--RWE announced today the commissioning of the Stoneridge Solar project, located in Milam County, Texas. The project capacity is 200 MW of solar power, plus a battery energy storage system (BESS) that provides 100 MW (200 MWh) of battery storage capacity. The BESS improves the supply of short-term, reliable, affordable electricity in ERCOT.

Read more

Industry News

Key Enron Unit Lied About Profits, Former Employee Alleges

LCG, Jan. 25, 2002--A former sales director at Enron, Margaret Ceconi, found soon after starting at the company that Enron Energy Services, which made wholesale energy deals with corporations, was making losses on nearly all of its deals, she told Reuters Thursday.

After working at Enron for approximately nine months, Ceconi was laid off in a reorganization in mid-2001. Ceconi then sent an e-mail to then-chairman Ken Lay and Enron's board that laid out her concerns that EES' financial statements showed profitability for every quarter, beginning in the fourth quarter of 1999. Her attorney, Demetrios Anaipakos, said there was "a genuine concern on her part that EES had essentially been playing a shell game, window-dressing its own alleged profits."

According to Ceconi, the losses were masked by other activity in the wholesale energy business units. "This is common knowledge among all the EES employees and is actually joked about. But it should be taken seriously," she said.

A University of San Diego law professor unconnected with Ceconi offered testimony to the Senate Governmental Affairs Committee yesterday that reinforced the sense that Enron made large losses, which were covered up by profits in other areas. Frank Partnoy said he believed, based on "written information, e-mail correspondence and telephone interviews," that revenues from the company's derivatives trading business were used to cover up unprofitable activities.

Partnoy said that Enron's profitable use of derivates, financial contracts which are valued based upon prices of commodities or securities, enabled the company to lie to the financial community about its losses from speculation in risky stocks and its failed ventures in retail energy, water and broadband services.

He stated that by expertly inflating its billions of dollars in profits from derivatives, the company intentionally created false accounting statements. The professor said that regulation of derivatives and capital markets were necessitated by the role of "auditors, law firms, banks, securities analysts, independent directors and credit rating agencies" in the company's demise.
Copyright © 2025 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service