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Doral Renewables Selects NovaSource as Partner to Deploy the 1.6-GWdc Mammoth Solar Project in Indiana

LCG, April 21, 2025--NovaSource Power Services ("NovaSource") recently announced that it has partnered with Doral Renewables and has been selected as the Operations and Maintenance ("O&M") and Generator Operator ("GO") for the Mammoth Solar Project, one of the largest agrivoltaics facilities in the United States.

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FERC and NERC Issue Joint Report on System Performance During the January 2025 Arctic Weather

LCG, April 17, 2025--The Federal Energy Regulatory Commission (FERC), the North American Electric Reliability Corporation (NERC), and its Regional Entities today issued a joint staff report concluding that the nation’s Bulk-Power System (BPS) "performed well during successive cold weather events in January 2025, without major issues in either the natural gas or electric systems."

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Industry News

Allegheny May Seek Bankruptcy Protection

LCG, June 24, 2003Power and utility company Allegheny Energy said it might seek bankruptcy protection.

The Maryland company noted that several factors have contributed to its decline, including its trading status, the cancellation of projects, and general company performance. As a result, Allegheny is in violation of a public utility law regarding a common equity ratio requirement.

Financial agreements that Allegheny made with other firms require that the company comply with the law, and Allegheny has requested that the Securities and Exchange Commission allow it further financing.

Alleghenys ratio of equity to total capital structure is less that 28 percent.

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