|
News
|
LCG, December 18, 2025--RWE and Indiana Michigan Power Company (I&M), an American Electric Power (AEP) company, today announced their partnering to provide new wind power generation capacity online to meet Indiana’s growing electricity demand. The companies signed a 15-year power purchase agreement (PPA) for the total output from RWE’s 200 MW Prairie Creek wind project in Blackford County, Indiana. I&M will purchase electricity from the wind project, which will further diversify its portfolio and be consistent with its all-of-the-above strategy to secure generation for its rapidly growing electricity demand.
Read more
|
|
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.
Read more
|
|
|
Industry News
S&P, Fitch Slash PG&E, SoCal Edison Credit
LCG, Jan. 5, 2001Standard & Poor's and Fitch lowered the credit ratings of California's two largest electric utilities yesterday following action by the state's Public Utilities Commission that will allow the companies to raise their retail electricity rates by one cent per kilowatt-hour.Fitch dropped the ratings of Pacific Gas & Electric Co. and Southern California Edison Co. deep into junk bond territory but S&P was a little less harsh, saying it was "premature" to post a rating for the utilities that would place them in default with their lenders."If we do that, we're saying we're at the end and there's no way out for these utilities," said S&P analyst Richard Cortwright. "We haven't given up and we're seeing positive signs of legislative action."California Gov. Gray Davis on Wednesday called a special session of the state Legislature to address the mess that has been made of state's electric industry restructuring program. A special session allows any legislation passed by a simple majority to become effective immediately, without the need for the two-thirds vote ordinarily required.Moody's has not yet announced a ratings decision. As the two major credit rating institutions, Moody's and S&P's credit ratings are built into loan covenants with major banks. If their credit ratings were dropped to the level of that of Fitch, the utilities would be in default on much of their short-term debt.PG&E said the low rating by Fitch would not affect the company's bank-loan covenants.Even so, their debt crisis has shut the two utilities out of the debt capital markets. In the California Legislature's special session, the companies are expected to lobby for a special issue of bonds backed by the State Infrastructure and Economic Development Bank.Those bonds would not be a taxpayer "bailout" of the utilities in that they would be responsible for the debt, not the state. The money would be used to buy power for delivery to customers who would be obligated to pay for it later through a surcharge on their bills.The word "bailout" has been used carelessly by populist groups who see any rate increase for the utilities as such. However, from the utilities' point of view, they are the victims of an electric customer "bailout" which they have financed.
|
|
|
|
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
|
|
|
UPLAN-ACE
Day Ahead and Real Time Market Simulation
|
|
|
UPLAN-G
The Gas Procurement and Competitive Analysis System
|
|
|
PLATO
Database of Plants, Loads, Assets, Transmission...
|
|
|
|
|
