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Energy Secretary Issues Emergency Orders to Ensure Indiana Coal-fired Facilities Remain Open to Prevent Midwest Blackouts

LCG, December 24, 2025--The U.S. Secretary of Energy today issued emergency orders to keep two Indiana coal plants operational, with the stated goal to ensure Americans in the Midwest region of the United States have access to affordable, reliable, and secure electricity heading into the winter months. The orders direct CenterPoint Energy, the Northern Indiana Public Service Company (NIPSCO), and the Midcontinent Independent System Operator, Inc. (MISO) to take all measures necessary to ensure specified generation units at both the F.B. Culley and R.M. Schahfer generating stations in Indiana are available to operate.

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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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Industry News

El Paso Corp Planning to Sell Assets, Cut Dividends

LCG, February 6, 2003-The El Paso Corporation announced plans yesterday to get rid of $2.9 billion in assets, in addition to drastically shrinking dividends.

El Paso controls over 57,000 miles of natural gas pipeline, natural gas production assets, and liquid natural gas assets. Company officials announced that it will likely cut annual dividends nearly 82%, from 87 cents to 16 cents per share.

Additionally, the company intends to sell $2.9 billion in assets and cut its spending by $1.4 billion. El Paso has set a goal of reducing costs by $150 million.

The company has $2.6 billion in liquidity, although it owes $1 billion in debt, due this March, and much of its credit line may have to be used to meet prior obligations.

El Paso sold $3.9 billion in assets last year and intends to sell petroleum assets, in addition to getting out of the liquid natural gas (LNG) business. The company has noted its intention to concentrate on its core, pipeline businesses.

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