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Matrix Renewables Announces the Commissioning of Pleasant Valley Solar 1

LCG, April 15, 2025--Matrix Renewables announced today the successful commissioning of the Pleasant Valley Solar 1 power generation facility in Ada County, Idaho. The 200-MWac solar facility includes a Power Purchase Agreement (PPA) that was secured through negotiation with Meta and Idaho Power. Matrix Renewables states the facility is the largest operational solar facility in Idaho Power's system. Sundt Renewables, the Engineering, Procurement, and Construction (EPC) services provider, completed construction of the project on March 2nd.

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Duke Energy Seeks to Extend Operating License for Robinson Nuclear Plant

LCG, April 9, 2025--Duke Energy announced yesterday its submission of a subsequent license renewal (SLR) application to the U.S. Nuclear Regulatory Commission (NRC) for the Robinson Nuclear Plant, a 759-MW nuclear unit located near Hartsville, South Carolina. The application requests extending the plant's operations for an additional 20 years.

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Industry News

South Korea Power Industry Privatization Approaches

LCG, Jan. 15, 2002--The state-run Korea Electric Power Corp. will begin the transfer of generating assets to private companies by mid-year, according to CBS MarketWatch.

Of its six generating companies, KEPCO is expected to sell all but one, which it will retain for the purpose of security. The five enterprises headed for private ownership make up 60 percent of South Korea's overall generation capacity. The sale of those plants, which are non-nuclear, leave KEPCO with ownership of the remaining nuclear and hydropower facilities.

The Ministry of Commerce, Industry and Energy stated that the first company to be sold will be offered through auction as well as the placement of shares on the stock exchange.

While a specific date for the sale of the remaining companies has not been given, three additional companies are to be transferred by 2005. The total assets to be privatized were assessed at 17 trillion won ($13.05 billion) as of June 30, 2001, and debts were put at 8.7 trillion won ($6.68 billion).

Competition in the power industry will be encouraged by a restriction preventing the management rights to multiple generation companies from being held by any one company or consortium.

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