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EIA Estimates Record U.S. Electric Generating Capacity Additions in 2026, with Solar in the Lead

LCG, February 20, 2026--The EIA today issued an "in-brief analysis" that estimates U.S. power plant developers and operators plan to complete a record installation of 86 GW of new, utility-scale electric generating capacity that is connected to the U.S. power grid in 2026. Last year, 53 GW of new capacity was added to the grid, which was the largest capacity installation in a single year since 2002. Thus the estimate of 86 GW of new capacity in 2026 is a whopping 33 GW greater than the year prior. It should be noted that over 20 GW of the 86 GW of new capacity this year is estimated to be completed in December.

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Enhanced Geothermal Systems May Drive Significant Growth in Geothermal Power Generation

LCG, February 19, 2026--The EIA released an "in-brief analysis" today regarding the expected completion of the first, large-scale commercial enhanced geothermal system (EGS) in June 2026, and the significant growth potential for year-round, 24x7, carbon-free, renewable EGS power generation in the United States.

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Industry News

Ontario Proposes New Market Structure

LCG, Apr. 16, 2004--The energy minister of Ontario, Dwight Duncan, Thurday announced that the province will look for proposals by power producers, while consumers will begin to pay rates that are a combination of production costs and market-based prices, and businesses will continue to be able to purchase power in the market on their own.

In addition, Duncan said that a new power authority will be set up, the purpose of which will be to ensure that power supplies in the province will be adequate. The Ontario Power Authority would be able to sign long-term contracts.

TransAlta is reported to be interested in bidding for a contract, based on capacity from a new unit operating in Sarnia since last year. More time will likely be needed by the government to gauge whether investors in generation feel comfortable enough with the conditions governing the market in order to make new investments. The primary concern of developers and companies such as Ontario Power Generation was that regulated rates have not reflected the cost of production.
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