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NextEra Energy and Google Collaborate on Accelerating Nuclear Power Deployment

LCG, October 28, 2025--NextEra Energy and Google yesterday announced two agreements that will help meet growing electricity demand from artificial intelligence (AI) with clean, reliable, 24/7 nuclear power and strengthen the nation's nuclear leadership. First, Google signed a new, 25-year agreement for power generated at the Duane Arnold Energy Center, Iowa's only nuclear power facility. The 601-MW boiling water reactor unit was shut down in 2020 and is expected to commence operations by the first quarter of 2029, pending regulatory approvals to restart the plant.

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Google Announces Gas-fired Broadwing Energy Project with CCS

LCG, October 23, 2025--Google announced today a first-of-its kind agreement to support a natural gas-fired power plant with carbon capture and storage (CCS). The 400-MW Broadwing Energy power project, located in Decatur, Illinois, will capture and permanently store its carbon dioxide (CO2) emissions. By agreeing to buy most of the power it generates, Google is helping get this new, baseload power source built and connected to the regional grid that supports our data centers.

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Industry News

SoCal Edison Wants 30 Percent Rate Hike

LCG, Dec. 27, 2000Southern California Edison Co. is asking California regulators to approve a 30 percent increase in retail electricity rates, according to a Securities and Exchange Commission filing by parent holding company Edison International Inc. The increase would be effective January 4.

In a filing made yesterday, Edison International said SoCal Edison is asking that low-income customers pay only 10 percent more than their current rates. The company said it was doing its part by eliminating for at least the fourth quarter the dividend paid to shareholders and by planning cutbacks in spending of $100 million.

The California Public Utilities Commission is meeting today to determine how much to allow SoCal Edison and Pacific Gas & Electric Co. to raise their rates. A final decision is scheduled to be issued on January 4.

These actions come in the wake of last Wednesday's announcement by Standard & Poor's that it would cut the credit ratings of the two utilities down to the level of junk bonds if the state did not take action within 48 hours to ease the financial pressure on the two companies.

Both SoCal Edison and PG&E have been paying high wholesale power prices for electricity they resell to their customers at rates frozen at levels 10 percent below those they charged in 1997. PG&E now is some $4.6 billion behind in collections an amount growing by $1 million per day, the company says and SoCal Edison is $3.5 billion in the hole.

The California Small Business Association, whose members benefit from the rate freeze, was set to testify before the PUC in favor of a "reasonable rate increase." The group is joined in supporting a rate hike by two other prominent business associations.

The California Chamber of Commerce and the California Business Roundtable said yesterday in a joint statement that state regulators must "take immediate action to maintain utility solvency while keeping the cost of electricity stable for California businesses and residents."

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