EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

Wärtsilä to Supply the Engineering and Equipment to East Kentucky Power Cooperative for 217-MW Power Plant

LCG, August 27, 2025--Wärtsilä Energy announced yesterday an agreement with East Kentucky Power Cooperative (EKPC) to supply the engineering and equipment for a 217-MW power plant to be constructed in Liberty, Kentucky. The Wärtsilä equipment is scheduled for delivery in mid-2027, and the plant is expected to be commissioned in early 2028.

Read more

TerraPower, Utah's Office of Energy Development, and Flagship Companies Sign MOU to Identify Sites for Advanced Nuclear Reactors

LCG, August 25, 2025--The Utah Office of Energy Development (OED), TerraPower and Flagship Companies announced today the signing of a Memorandum of Understanding (MOU) to explore the potential siting of a Natrium® nuclear reactor and energy storage plant in Utah. The MOU establishes a shared commitment to support advanced nuclear technologies to build Utah’s energy future and to prioritize reliability, economic growth and energy abundance.

Read more

Industry News

Enron's Skilling Had No Idea Collapse was Coming

LCG, Dec. 26, 2001--Jeff Skilling, the architect of Enron Corp.'s light-on-assets, heavy-on-paper trading strategy, said he had no idea he was leaving a company on the brink of failure when he abruptly quit as chief executive in August, after just six months in the top slot.

Skilling appeared Friday at the Washington D.C. offices of his lawyers, O'Melbeny & Myer, where he was interviewed by representatives of the Houston Chronicle, The New York Times and The Wall Street Journal.

Two months after Skilling left the company, Enron reported massive losses in its third quarter results, beginning one of the fastest nosedives in U.S. corporate history. Skilling said he offered to return without pay to help the company fight the spin-out but the idea was dropped because "the press might not understand and it would add to the confusion."

Skilling said he was stunned by Enron's collapse. "The last two months have been the worst two months of my life," he added.

"We're all trying to figure out what happened," Skilling said. "This is a tragedy. I had no idea the company was in anything but excellent shape."

Skilling said he was completely unaware that Chief Financial Officer Andrew Fastow had an equity stake in certain partnerships with which the company kept a half-billion dollars in debt off its balance sheet. Skilling said the partnerships, which were Fastow's idea, were created to cut down on risk for Enron and its shareholders and not to hide debt or manipulate earnings.

Skilling spoke earlier with SEC investigators, and has talked to staff members of the House Energy and Commerce Committee on Thursday. He declined to elaborate on those conversations.

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