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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

Reliant to Split Regulated, Unregulated Businesses

LCG, July 27, 2000--Reliant energy Inc. said yesterday it would ask approval from the Public Utility Commission of Texas to separate its regulated businesses from those that are not regulated, creating two publicly traded companies.

The company said the plan is intended to satisfy regulatory requirements under Texas restructuring legislation, to enhance shareholder value, to highlight the specific investment appeals of each resulting entity, and to permit the individual units to focus on their respective business and market opportunities.

Once it gets the necessary approvals, Reliant would publicly offer about 20 percent of the common stock in the unregulated company. That would be followed by a distribution of the remaining stock to shareholders within 12 months.

The regulated businesses would be restructured as a holding company, Reliant said.

The unregulated company would own Reliant's unregulated power generation and related energy trading and marketing operations, its unregulated retail businesses, which currently include energy, telecommunications and Internet services, and the company's European electric generating and trading-marketing operations.

Steve Letbetter, Reliants chief executive, explained that the company has undergone a fundamental transformation, especially from an investors point of view. "Our growth businesses appeal to a different set of investors than do our regulated activities," he said.

"We expect the regulated company to be very similar to the company we have been for most of our history, and it should appeal to our traditional type of investor. Overall, this restructuring will allow us to better align our businesses with the interests of investors and allow the market to more effectively reflect the overall value of Reliant Energy's expanded business portfolio," Letbetter added.

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