EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

In Memory of Rajat Deb: Inspiring Man of Ideas and Remarkable Silicon Valley Archetype

By Anjuli Deb -- With deep sadness and profound appreciation, we share the passing of LCG's founder, Dr. Rajat K. Deb. He was our president and one of the first entrepreneurs in the computer revolution. He was also our friend, our teacher and mentor, and for a few of us, our father and grandfather.

Read more

Calpine Announces Completion of Expansion Project at The Geysers Geothermal Complex

LCG, June 10, 2026--Calpine, a business unit of Constellation, announced early this week the completion of a 25 MW expansion project at The Geysers geothermal complex located in Sonoma County, California. The addition builds on Calpine's continued investments in The Geysers to support California's renewable energy goals and to provide reliable, around-the-clock renewable power as the demand for clean electricity continues to grow.

Read more

Industry News

Continued Solvency of TVA Questioned in Report

LCG, Nov. 25, 2003--Two accounting professors with experience in utility analysis have completed a study in which they say that the Tennessee Valley Authority, the government-owned utility, will find it difficult to avoid bankruptcy or the need for a federal bailout.

Dr. Paul MacAvoy, a management professor with Yale University, and Dr. Dennis Logue, the dean of the Oklahoma University School of Business, say that the inflated book value of nuclear plant assets is allowing the TVA to state a positive net worth. If those assets were written down to reflect their true economic worth however, or if the TVA should fare poorly after losing its monopoly status, the report concludes, the utility would find it unable to service its $25 billion debt load as its creditworthiness was downgraded.

MacAvoy told the Chattanooga Times/Free Press in an interview that "some of TVA's accounting is like what Enron did before its bankruptcy." MacAvoy and Logue warned correctly that nuclear plant projects begun by the Washington Public Power Supply System, and which were abandoned in the 1980s, pointed the way to a default.

Currently the debt of TVA is graded AAA by Standard & Poor's, and Aaa by Moody's Investors Service, which takes the TVA's government-owned status into account in assigning a high credit rating. Scott Taylor, with Standard & Poor's said that although the utility "is in a highly leveraged position ... it certainly is not in any dire straits." TVA is able to adjust its rates without regulatory approval. Dr. Logue cited a possible increase in interest rates and competition from other utilities as factors that could result in serious harm.
Copyright © 2026 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