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RWE and Indiana Michigan Power Company Sign Long-term PPA for 200 MW Wind Project

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.

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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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Industry News

State May Broker Electricity to California Utilities

LCG, Jan. 15, 2001California Gov. Gray Davis said yesterday he will ask the state legislature to approve a plan under which the state would procure power from generators and resell it at attractive prices to the state's investor-owned utilities.

The proposal could be introduced in the legislature tomorrow, official said. The plan is aimed at staving off bankruptcy for the state's two largest electric utilities, both of which say they no longer have sufficient cash to buy power for their customers and suppliers will no longer extend them credit.

The idea of the state as broker came Saturday near the end of a seven-hour, coast-to-coast video and telephone conference in which participants in Washington, Sacramento and Los Angeles were hooked up.

Near the end of the marathon teleconference, Davis was joined by leaders of the heavily Democratic California legislature in a news conference in which he said the state could enter into long-term contracts with power producers for electricity at a cost far lower than what the utilities have been paying. The state would then re-sell the power to the utilities at cost.

While Davis sounded triumphant with his plan, others weren't so sure.

Joe Bob Perkins, president and chief operating officer of Reliant Energy Wholesale Group which operated California power plants it acquired from the state's utilities, would only say "We're still digesting it."

The governor said his plan was a "bipartisan" solution, but state Senate Republican leader Bill Campbell sounded less than convinced. "The answer is going to be in the numbers," he said.

State Senate President Pro Tem John Burton, a San Francisco Democrat, said that the state was seeking to purchase power for 5 to 5 cents per kilowatt-hour, but power producers "didn't come in with that kind of offer."

Instead, Reliant Energy Wholesale Group and the other power producers want 7 or 8 cents per kilowatt-hour, an amount probably reflecting the high cost of natural gas, the fuel of choice for California power plants.

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