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Calpine Closes Texas Energy Fund Loan for 460-MW Pin Oak Creek Peaking Facility

LCG, October 14, 2025--Calpine Corporation today announced the close of a Texas Energy Fund (TxEF) loan agreement to support development of the Pin Oak Creek project, a 460-MW, natural gas-fired peaking facility adjacent to Calpine's Freestone Energy Center, a gas-fired combined-cycle facility located on approximately 506 acres near Fairfield, Texas.

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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.

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Industry News

Nuclear Plants' Decomissioning Funds Found Low

LCG, Dec. 3, 2003--In a report released by the General Accounting Office, Congress' research arm, 42 nuclear plants were named as not having enough savings designated to pay for decommissioning costs when the plants are ultimately shut down.

Some generating units are already inactive, but owners are waiting for neighboring units at the same plants to be retired before starting clean-up activities. The report stated that savings for some plants is sufficient, while at others, a gap exists that cannot readily be closed by shifting funds.

The Nuclear Regulatory Commission said through a spokesman that it is not as concerned about a problem such as has been identifed by the GAO. A spokesman for the Nuclear Energy Institute, Steve Kerekes, said that with widespread extensions of plant licenses for an additional 20 years, the plants would have sufficient time to come up with the needed funds.

The GAO report authors found that the growth in the value of savings, if it continues, would pay for plants' decommissioning costs. The distribution of funds between various sites and multiple owners, however, indicated uneven progress.

A concern raised by groups who oppose nuclear power is that because some of the buyers of existing nuclear plants are not utilities, and therefore do not have assurance of a stable revenue stream, they may have difficulty handling the liabilities that will come due at the end of plants' operating lives.
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