EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

Greenflash Infrastructure Closes Transaction for ERCOT's Largest Battery Storage Project Under Construction

LCG, October 7, 2025--Greenflash Infrastructure, L.P. ("Greenflash") today announced that it has successfully closed a hybrid tax capital and debt financing for Project Soho - a 400MW / 800MWh standalone battery storage project in Texas.

Read more

FERC Approves Vistra's Plan to Acquire Nearly 2,600 MW of Gas-fired Power Plants

LCG, October 6, 2025--Vistra today announced that the Federal Energy Regulatory Commission (FERC) approved Vistra's acquisition of certain subsidiaries owning seven natural gas generation facilities from Lotus Infrastructure Partners. The acquisition was announced last May, and Vistra expects the transaction to close this quarter or during the first quarter of 2026. Vistra's acquisition remains subject to approval by the New York Public Service Commission and other customary closing conditions.

Read more

Industry News

Florida Power Asks to Cut Rates, Increase Net

LCG, Sept. 17, 2001--Florida Power Corp. on Friday asked the Florida Public Service Commission for permission to cut rates and, at the same time, keep a higher percentage of its operating profits.

The company, Florida's second-largest utility, proposed the first change in its base rates in eight years -- a $5 million reduction in each of the next 15 years for a total of $75 million. The company would also invest $300 million over the next three years to improve reliability and quality of service to its customers in central and north Florida.

Florida Power said the $75 million savings to its customers was "directly attributable to the net savings available to customers as a result of the merger of Florida Power with Carolina Power & Light" Co. last fall.

The company also asked to be allowed to earn a return on equity of up to 13.2 percent. It is currently allowed to earn as much as 13 percent and earned a return of 12.7 percent last year.

Florida Power said that additional reductions were in the offing for its customers. A $37 million reduction will occur in 2004 when the company completes amortization of its 1997 buyout of the Tiger Bay cogeneration project in Fort Meade, from which it was required by federal law to purchase power at above market prices.

The company also said it will file an application with the commission this week that would call for lowering its annual fuel cost and related charges by about $67 million, beginning next year.

Copyright © 2025 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service