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EPA Announces Proposed Rule Action to Revise ELG's and Support Reliable, Affordable Coal-fired Power Plants

LCG, May 14, 2026--The U.S. Environmental Protection Agency (EPA) announced today that it is proposing a rule to revise wastewater limits, known as effluent limitations guidelines (ELG), for steam electric power plants that will help improve grid reliability and lower electricity prices while continuing to support clean and safe water resources. If finalized, the EPA's proposal is estimated to reduce electricity generation costs by as much as $1.1 billion annually, which could provide cost-savings to American consumers.

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DOE Awards $94 Million to Eight American Companies to Accelerate SMR Deployments and Develop Supply Chain

LCG, May 14, 2026--The U.S. Department of Energy (DOE) today announced the selection of eight companies to support the near-term deployment of advanced light-water small modular reactors (SMRs) in the United States. The DOE states that awardees will collectively receive more than $94 million in Federal cost-shared funding to spur additional Gen III+ SMR deployments by addressing key gaps that have hindered the domestic nuclear industry in licensing, supply chain, and site preparation.

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Industry News

Duke Announces Plans to Sell More Power Plants

LCG, September 14, 2005--Duke Energy announced yesterday that its board of directors approved a plan to pursue the sale of substantially all of Duke Energy North America's (DENA) physical and commercial assets outside the Midwest. The portfolio includes approximately 6,200 MW of electric generating facilities located primarily in the West and Northeast, plus effectively all of DENA's trading book. The assets will be sold or otherwise divested within the next twelve months.

In announcing the plan, Duke Energy also stated that it will take a non-cash, pre-tax charge of approximately $1.3 billion, or approximately $0.88 per basic share,which will be reported in third quarter 2005 earnings.

Duke Energy stated that it will remain active in the merchant power sector. Following the proposed merger with Cinergy that is anticipated to be completed next year, Duke Energy expects to combine its existing, 3,600 MW of generating assets in the Midwest with Cinergy's commercial operations, providing a sustainable merchant business model in the region.

Duke Energy sold over 6,500 MW of its electric generating assets in 2004. In August of last year, Duke Energy completed the sale of its Southeast merchant plants, including eight, natural gas-fired plants with a combined capacity of 5,325 MW, to KGen Partners for $475 million. Last October, Duke completed the sale of its partially completed, 1,200-MW, combined cycle Moapa Power Plant in Nevada for $182 million.

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