EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

NTT DATA Announces 900 MW of Onsite Power Agreement with Bloom Energy Across Multiple Data Center Projects

LCG, November 5, 2026--NTT DATA, an AI, digital business and technology services company, today announced an agreement with Bloom Energy to deploy 900 MW of Bloom Energy's fuel cell technology to power multiple data center projects around the world. The agreement is Bloom Energy's largest international project to date.

Read more

Vistra Announces Acquisition of Cogentrix Energy's 5,500 MW Gas-Fired Fleet is Complete

LCG, November 2, 2026--Vistra Corp. announced on October 30 that, following receipt of all required regulatory approvals, it has completed the acquisition of Cogentrix Energy from funds managed by Quantum Capital Group. The acquisition consists of 10 natural gas-fired power generation facilities totaling nearly 5,500 MW of capacity. The addition of Cogentrix's facilities to Vistra's existing generation portfolio raises Vistra's U.S. generation portfolio to nearly 50,000 MW.

Read more

Industry News

Bank Wants Feds to Freeze Enron Execs' Assets

LCG, Dec. 10, 2001--Lawyers for a bank which manages worker retirement funds want a federal judge to freeze $1.1 billion in assets of Enron Corp. executives, suggesting the assets are ill-gotten gains and the executives could flee the country with the money.

Bill Lerach, an attorney for Amalgamated Bank, told U.S. District Judge Lee Rosenthal that the banks clients had lost more than $10 million in Enron's collapse and he would like to tap that $1.1 billion to get the workers' money back.

Judge Rosenthal said she wanted to review written arguments from both sides before addressing the matter later this month.

Reuters news agency said Lerach outlined what he alleged was a massive conspiracy of fraud and greed in the executive suites of Houston-based Enron.

"There was fraud at the top, fraud by the board," he charged in arguments before a courtroom packed with lawyers. "It's worse than any civil fraud case we've ever seen."

He alleged that former Enron chief executive Jeff Skilling, who resigned in August after just six months on the job, had gone to Brazil and that former chief financial officer Andrew Fastow, who left the company in October, may have flown to Israel via Canada, Reuters said.

"I don't want to accuse people of being a flight risk, but I do want to suggest it could be more than an academic exercise in this case," Lerach said.

Lawyers for the two former executives claimed they were both in the U.S. and said an asset freeze was unnecessary because there had been no wrongdoing. "To suggest there's a flight risk borders on ridiculous," said Jeffrey Kilduff, attorney for Skilling.

Fastow's attorney, Craig Smyser, told Judge Rosenthal that his client "is as distraught as anyone else over the tragic demise of Enron."

The $30 million Fastow walked away from Enron with should ease a significant portion of his distress.

Copyright © 2026 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