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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

Enron's Bankruptcy Plan Filed

LCG, July 11, 2003--Enron filed a bankruptcy reorganization plan that the company's acting chief executive, Stephen Cooper, said represented a distribution of "100% of the economic value of Enron."

The plan will account for 300 classes of creditors, which have claims against 173 affiliates included in the filing for bankruptcy protection. A majority of the members of each class will need to approve the plan, and a vote of two-thirds of the total dollar amount will have to give its backing. Cooper said that a number of creditors and the court-appointed examiner representing Enron North America creditors have voiced their support.

The claims creditors say they are owed equal $67 billion, although what they will receive may be between 14.4 cents and 18.3 cents per dollar, much less than creditors in most bankruptcies receive. The payouts will be made 70% in cash, according to Cooper.
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