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Arbor Signs Agreement with GridMarket for 5 GW of Baseload Power

LCG, March 25, 2026--Arbor Energy today announced an agreement with GridMarket, an energy and infrastructure project facilitator, to deliver up to 5 GW of zero-emission power starting in 2029. GridMarket supports large energy users, including data centers, manufacturers, and logistics providers, with securing reliable and cost-effective power.

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Faster-than-Expected Data Center Load Growth May Cause Increased Regional Short-term Fossil Fuel Generation and Wholesale Electricity Prices

LCG, March 18, 2026--The EIA released a new "In-depth Analysis" of the potential impact of faster-than-expected near-term growth in data center power demand on power generation and wholesale prices on March 12. The analysis models the lower 48 states through 2027 and compares results to its base case scenario. Key takeaway from this sensitivity analysis is the potential increase in fossil fuels in some regions and potentially a significant increase in wholesale prices in ERCOT.

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Industry News

Commission Approves Submarine Cable from New Jersey to Brooklyn

LCG, November 13, 2009--The New York State Public Service Commission (Commission) yesterday approved the New York portion of a 6.6 mile, 345 kV AC, submarine electric transmission line that will extend under the Hudson River to connect a planned, 512-MW power plant in Bayonne, New Jersey to an existing substation owned by Consolidated Edison Company of New York, Inc. in Brooklyn, New York. The project is scheduled to commence operations at the end of 2011.

The new power plant is the Bayonne Energy Center (BEC), a gas-fired, simple-cycle peaking facility that will have ultra low sulfur diesel oil as a backup fuel. The project will be developed and managed through a partnership between Hess Corporation and an affiliate of ArcLight Capital Partners, LLC. Once fully approved, the facility will be developed under the supervision of project developer Pure Energy Resources, LLC.

The Commission Chairman stated, "The addition of 512 MW of capacity from the new Bayonne generating plant into the New York City electricity supply is anticipated to provide additional reliability benefits, environmental improvements, and potential price reductions....The facility, along with the added generation supply, will bring benefits to the competitive market, and to ratepayers, as a result of the shift of financial expenditure and risk from the utility to the merchant developer."

On October 5, 2009, parties filed a Joint Proposal, with proposed conditions, for an Article VII Certificate of Environmental Compatibility and Public Need (Certificate), a Suspended Sediment/Water Quality Monitoring Plan for Jet Plow Embedment Operations, and a proposed federal Clean Water Act Section 401 certification, for the construction, operation and maintenance of the New York portion of the submarine electric transmission facility running under the Hudson River.

The provisions of the Joint Proposal were unopposed and the signatories to the Joint Proposal were the applicant for the Certificate, Bayonne Energy Center, Staffs of the New York State Department of Public Service and Department of Environmental Conservation, the City of New York, and the New York City Economic Development Corporation. Provisions of the Joint Proposal seek to minimize the potential harm to the environment from construction and
operation of the facility.

The Commission concluded that construction of the facility meets the criteria of need by providing additional generation in to New York City, reducing prices, providing for a cleaner generation mix than is presently available, and contributing to ensure system reliability in the event less generation is available.
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