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EIA Estimates Record U.S. Electric Generating Capacity Additions in 2026, with Solar in the Lead

LCG, February 20, 2026--The EIA today issued an "in-brief analysis" that estimates U.S. power plant developers and operators plan to complete a record installation of 86 GW of new, utility-scale electric generating capacity that is connected to the U.S. power grid in 2026. Last year, 53 GW of new capacity was added to the grid, which was the largest capacity installation in a single year since 2002. Thus the estimate of 86 GW of new capacity in 2026 is a whopping 33 GW greater than the year prior. It should be noted that over 20 GW of the 86 GW of new capacity this year is estimated to be completed in December.

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Enhanced Geothermal Systems May Drive Significant Growth in Geothermal Power Generation

LCG, February 19, 2026--The EIA released an "in-brief analysis" today regarding the expected completion of the first, large-scale commercial enhanced geothermal system (EGS) in June 2026, and the significant growth potential for year-round, 24x7, carbon-free, renewable EGS power generation in the United States.

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Industry News

GPU Reaches Settlement in Pennsylvania

LCG, June 13, 2001GPU Inc. said this morning that it has reached a settlement with the Pennsylvania Office of Consumer Advocate and Citizens for Pennsylvania's Future, a consumers group, that could permit the company to resume sale of commercial paper and clear the way for its merger with First Energy Corp.

The Pennsylvania Public Utility Commission is expected to rule on the settlement tomorrow. If the commission approves the deal, GPU will be allowed to defer charges paid for electricity that are in excess of those it is allowed to charge its customers.

The accounting change will permit GPU to return to the commercial paper market, giving the company renewed access to short-term financing. Possible charges against earnings could be offset by application of some transmission and transition charge revenues against the deferred costs.

Another consumers group, Citizen Power, challenged the deal saying it was a rate increase disguised as an accounting change.

Earlier, a Pennsylvania administrative law judge had proposed a $317 million annual rate increase to pay for the power costs.

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