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NRC Renews Operating Licenses for Constellation's Nuclear Reactors at Clinton and Dresden Facilities

LCG, December 16, 2025--The Nuclear Regulatory Commission (NRC) announced today that it has renewed the operating licenses of Constellation LLC’s Clinton Unit 1 in Clinton, Illinois, and Dresden Units 2 and 3, near Morris, Illinois, for an additional 20 years beyond the current expiration dates. The combined capacity of these three, Illinois-based nuclear units is 2,925 MW, and the operating license extension will enable the units to generate carbon-free power through about 2050.

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ERCOT Announces Organizational Changes to Promote Grid Reliability, Rapid Demand Growth, and Innovation

LCG, December 12, 2025--Today, the Electric Reliability Council of Texas, Inc. (ERCOT) announced strategic organizational changes designed to accelerate innovation, strengthen grid reliability, and support the unprecedented growth in the demand for electricity across Texas. To meet these objectives, ERCOT created two new organizations: Interconnection and Grid Analysis, and Enterprise Data and Artificial Intelligence (AI). The two organizations will formally launch in January 2026.

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Industry News

Southern Energy Completes Purchase of Pepco Plants

LCG, Dec. 20, 2000--Southern Energy Inc. said yesterday it has completed its $2.65 billion acquisition of power plants with electric generating capacity totaling 5,154 megawatts fromPotomac Electric Power Co.

"This acquisition, the largest single purchase of assets ever by Southern Energy, is a big step toward meeting our goal of owning or controlling 30,000 megawatts of capacity in the United States by2004," said Marce Fuller, Southern Energy chief executive. "The location of these assets near key energy markets also makes closure of this acquisition exciting."

Southern Energy bought four power plants in the deal: the 837 megawatt Dickerson Station in Montgomery County, Md., the 2,423 megawatt Chalk Point Station in Prince George's County, Md., the 1,412 megawatt Morgantown Station in Charles County, Md., and the 482 megawatt Potomac River Station in Alexandria, Va.

John Derrick, chief executive of Pepco, said closing of the sale "is a significant milestone in Pepco's strategy of transforming the company from a regulated, integrated electric utility into a diversified telecommunications and energy services company, selling and delivering electricity, natural gas, telecommunications and related products in the mid-Atlantic region."

Pepco said part of the proceeds from the sale will be used to retire $525 million of thecompany's outstanding long-term debt. Two hundred million dollars that was borrowed earlier this year to fund a common stock buyback program also will be repaid.

Pepco will also use about $170 million to lower customers' electric bills.

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