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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

Cold Boosts Gas Prices to Two-Year Highs

LCG, Jan. 24, 2002--Seasonal price fluctuations and unusually cold weather in the Eastern part of the U.S. have brought natural gas prices to two-year highs, and resulted in some power plants being taken out of operation.

In the Tennesse Valley Authority (TVA) service territory, temperatures on Thursday resulted in an all-time winter record for system power demand. Record low temperatures were recorded in much of the Southeast, in some cases by as much as ten degrees below the previous record. Areas further to the north are experiencing prolonged low temperatures in the single digits.

The continued low temperatures and increased use of gas for heating have brought gas prices to levels at which some power marketers engaged in tolling agreements with power plant owners (the marketers obtain the fuel needed to run the plant and pay the plant owner for the right to sell the output) have sold gas supplies rather than run the plants. Williams Energy Marketing, for one, has made little use of the Ironwood and Red Oak power plants in Pennsylvania and New Jersey for the past few months. Rather than utilize the plants, owned by AES Corp., Williams has been buying power from other sources while making profits from its gas supplies.

Prices for gas have remained elevated due to ongoing high levels of consumption. At the same time, the amount of gas in storage is falling relative to 5-year average levels. Some analysts are projecting that if the trend continues, prices could reach $8/mmBtu this quarter.
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