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News
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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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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
Renewable Tax Credits Extended
LCG, January 7, 2013--The American Taxpayer Relief Act of 2012 was signed into law by the President on January 2, 2013, and the legislation includes provisions that extend tax credits for wind energy, biodiesel, cellulosic ethanol, electric vehicles, energy-efficient new homes and appliances.
The extension of the wind energy Production Tax Credit (PTC) both changes (i) the milestone from placing a new facility into service to commencing construction, and (ii) the deadline from January 1, 2013 to January 1, 2014. Given the new milestone, the one-year extension equates to much more than a year extension for project development.
Without the extension of the PTC and with relatively low natural gas prices, the outlook had been poor for continued growth in the development of land-based and offshore wind farms in the United States.
The American Taxpayer Relief Act of 2012 also extends the ability of new wind and certain other new renewable energy facilities that qualify for the PTC to elect a 30% investment tax credit (ITC) instead of using the PTC where construction began before January 1, 2014.
The Act also extends for another year "bonus depreciation" that allows taxpayers to immediately deduct 50 percent of the adjusted basis of certain types of property when the project is placed into service. Project developers now have until January 1, 2014 to place new solar, wind, or other renewable energy equipment into service.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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