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Hydrostor Announces Offtake Agreement with California Community Power for the Willow Rock Energy Storage Center

LCG, February 12, 2026--Hydrostor today announced that the Willow Rock Energy Storage Center has signed a 50 MW offtake agreement with California Community Power (CC Power) on behalf of six of its community choice aggregator members: CleanPowerSF, Peninsula Clean Energy, Redwood Coast Energy Authority, San Jose Clean Energy, Silicon Valley Clean Energy Authority and Valley Clean Energy Authority.

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VoltaGrid and INNIO Collaborate on 1.5 GW Deal for Behind-the-Meter Data Center Power Generation

LCG, February 4, 2026--Natura Resources LLC (Natura), a developer of advanced molten-salt nuclear reactors, announced yesterday that it has signed an agreement with NGL Water Solutions Permian LLC, a subsidiary of NGL Energy Partners LP (NGL), to pursue opportunities to combine Natura's advanced nuclear reactor technology with thermal desalination for power production and oil and gas produced water treatment. NGL transports, treats, recycles and disposes of more than 3 million barrels per day of produced and flowback water generated from crude oil and natural gas production in the Permian Basin.

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Industry News

AES to Buy Ipalco for $2.15 Billion Plus Debt

LCG, July 17, 2000--AES Corp. and Ipalco Enterprises Inc. announced jointly this morning that AES would acquire the Indiana utility holding company in a transaction valued at about $2.15 billion plush the assumption of around $890 million of debt and preferred stock.

Ipalco is the holding company for Indianapolis Power & Light Co. which provides retail electricservice to approximately 430,000 residential, commercial and industrial customers in Indianapolis and other central Indiana communities.

Under the terms of the deal, Ipalco shareholders would get $25 worth of AES stock for each Ipalco share they tender, which would be a 16 percent premium over the utility's closing price on Friday. The transaction is expected to be tax-free to Ipalco shareholders, accounted for as a pooling-of-interests and immediately accretive to AES earnings per share.

Upon closing, Ipalco will become a wholly-owned subsidiary of AES with its headquarters remaining in Indianapolis.

The transaction is subject to approval by Ipalco shareholders and the usual array of regulators including the Federal Energy Regulatory Commission and the Securities and Exchange Commission. As part of the SEC approval process, AES said it would restructure its ownership interests in Cilcorp in order to continue as an exempt holding company under the Public Utility Holding Company Act of 1935.

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