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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

CA PUC Study Projects Little Benefit to State from Deregulation

LCG, Mar. 18, 2004--A study completed by the planning division of the California Public Utilities Commission (PUC) to assess possible impacts of electricity deregulation found few benefits were likely to be realized through at least 2009, a conclusion that PUC President Michael Peevey greeted with strong skepticism.

The report indicates that, because of the long-term contracts entered into by California during the energy crisis in 2001, the opportunity for significant reduction in costs to energy purchasers would probably be muted. Peevey, in a letter to legislators, found no reason in the "overly timid" report that further progress on deregulation should be delayed. The PUC president supports a plan some have called "core/non-core", which would allow larger users to sign contracts with a variety of suppliers, while "core" customers would continue to buy electricity through the regulated utilities.

In addition to long-term contracts, the lingering cost of the energy crisis stems from the need to pay down debt incurred with the sale of bonds. Industrial customers have experienced a modest reduction of 14 percent, following rate increases of 50 to 150 percent. This class of customers would likely benefit most from a return to deregulation if their payments for those liabilities were to drop, and they were able to deal with energy producers separately.

Some legislators, as well as the consumer advocacy organization The Utility Reform Network (TURN), are concerned that deregulation such as Peevey is advocating might shift some of the burden of paying for previous deals away from those able to negotiate independently towards other customers. The California Manufacturing and Technology Association, as well as the Independent Energy Producers Association, support Peevey's plan, and believe that reduced costs for business that have experienced significant rate increases could result from deregulation.
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