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News
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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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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
Enron Folds as Dynegy Backs Out of Buyout;Stock of Once-Mighty Firm Trades at 35 Cents
LCG, Nov. 29, 2001--Enron Corp., not long ago number 7 on Fortune Magazine's list of the 500 largest U.S. corporations, collapsed yesterday after Dynegy Inc. backed out of a deal to buy it. Today, Enron's stock traded as low as 35 cents a share.Dynegy had agreed on November 9 to purchase Enron in an $8.4 billion stock swap, but after Enron shares closed at 61 cents yesterday, the company's market capitalization was only about $342 million.As part of the November 9 deal, Dynegy had given Enron a $1.5 billion transfusion in exchange for preferred stock in Enron's Northern Natural Gas pipeline. That stock can be converted into ownership of the pipeline and Dynegy said yesterday it would exercise the option to acquire the asset.Enron's collapse has devastated investors, including some big mutual funds, who were sitting pretty when shares traded at $90 a little over a year ago. Also in doubt are the futures of about 21,000 employees, including those of the company's utility subsidiary Portland General Electric Co. in Oregon.Among the dozens of lawsuits facing Enron is one on behalf of PGE employees who were encouraged by Enron to switch their retirement investments into Enron stock a year ago. One lineman who has been climbing poles for PGE for 35 years said his retirement fund had shrunk from $400,000 to almost nothing and he would have to continue climbing poles until he dropped.According to federal officials, the damage is likely to be confined to Enron and some of the banks and other firms with which it does business. The Treasury Department, the Federal Reserve and the Federal Energy Regulatory Commission said they had monitored Enron's rapid decline and saw no dangerous domino effect."The markets are functioning normally," said Peter Bakstansky, a spokesman for the Federal Reserve Bank of New York.Since Dynegy and Enron announced their deal three weeks ago, revelation after revelation damaged Enron's credibility and its financial condition. Yesterday, Standard & Poor's downgraded Enron's debt to junk, accelerating up to $3.9 billion in debt payments.That's when Dynegy Chairman Chuck Watson knew the deal was over. "We knew when to say no, and this morning, we said no," he said.Enron's chief financial officer, Jeff McMahon, said that the company was still talking to banks about restructuring the company's debt, but not rule out seeking protection under Chapter 11 of the U.S. Bankruptcy Law."We are looking at every option under the sun, as you can imagine," McMahon said, adding that involuntary bankruptcy under Chapter 7, which would mean liquidation of the company, "is not an option we are pursuing."At 12:30 p.m. EST, Enron shares were trading at 41 cents."Sometimes a company's best deals are the very ones they did not do," Watson said.
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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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