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OPG Completes Darlington Nuclear Station Refurbishment Project Under Budget and Ahead of Schedule

LCG, February 2, 2026--Ontario Power Generation (OPG) announced today that construction on the four-unit Darlington Refurbishment project is now complete. Station staff are completing final testing, and the last unit is expected to return to service in the coming weeks. OPG stated that the overall project is currently four months ahead of schedule and $150 million under budget.

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NERC's New Annual Assessment Shows Rapid Demand Growth Increasing Resource Adequacy Risks Across North America

LCG, January 30, 2026--The North American Electric Reliability Corporation (NERC) yesterday issued its 2025 Long-Term Reliability Assessment (LTRA) and infographic that spotlight intensifying resource adequacy risks throughout the North American bulk power system (BPS) over the next 10 years.

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Industry News

CA PUC Study Projects Little Benefit to State from Deregulation

LCG, Mar. 18, 2004--A study completed by the planning division of the California Public Utilities Commission (PUC) to assess possible impacts of electricity deregulation found few benefits were likely to be realized through at least 2009, a conclusion that PUC President Michael Peevey greeted with strong skepticism.

The report indicates that, because of the long-term contracts entered into by California during the energy crisis in 2001, the opportunity for significant reduction in costs to energy purchasers would probably be muted. Peevey, in a letter to legislators, found no reason in the "overly timid" report that further progress on deregulation should be delayed. The PUC president supports a plan some have called "core/non-core", which would allow larger users to sign contracts with a variety of suppliers, while "core" customers would continue to buy electricity through the regulated utilities.

In addition to long-term contracts, the lingering cost of the energy crisis stems from the need to pay down debt incurred with the sale of bonds. Industrial customers have experienced a modest reduction of 14 percent, following rate increases of 50 to 150 percent. This class of customers would likely benefit most from a return to deregulation if their payments for those liabilities were to drop, and they were able to deal with energy producers separately.

Some legislators, as well as the consumer advocacy organization The Utility Reform Network (TURN), are concerned that deregulation such as Peevey is advocating might shift some of the burden of paying for previous deals away from those able to negotiate independently towards other customers. The California Manufacturing and Technology Association, as well as the Independent Energy Producers Association, support Peevey's plan, and believe that reduced costs for business that have experienced significant rate increases could result from deregulation.
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