EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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.

Read more

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.

Read more

Industry News

Bonneville Sees 250 Percent Rate Hikes

LCG, April 10, 2001Bonneville Power Administration said yesterday that it would have to raise wholesale electricity rates by 250 percent on October 1 unless its customers retail utilities in the Northwest and large industrial customers cut back energy use within the next 60 days.

That is a lot worse than the picture Bonneville painted three months ago, when it said wholesale rates could rise 60 percent on average for the next five years.

"Recent developments in the market now require a first-year increase of 250 percent or more, absent vigorous efforts to reduce demand," said Steve Wright, acting BPA administrator. "This could double the retail rates of many Northwest consumers."

A long-running drought is leaving the region short of electricity this summer and winter, which could pose reliability problems but, longer term, an underlying energy shortage threatens high costs and difficulties in meeting demand for several years until new power plants, power lines and conservation can be brought on line, Bonneville said.

The Eugene Register-Guard said on Sunday that flow in the Columbia River looks more like it does in midsummer that what should be the start of the annual spring runoff. The paper said power production at dams on the Columbia and Snake Rivers has been cut back by about a third.

But the drought isn't the entire story. The Northwest is suffering from the same basic problem that caused California's electric mess an insufficiency of supply in the face of increasing demand. To make matters worse, about a year ago Bonneville signed contracts to sell more power than it has. That forced the federal agency into the volatile wholesale market at a cost of more than $2 billion.

Last May, Bonneville signed contracts to provide utilities, aluminum companies and others with about 3,000 megawatts more power than the agency could lay its hands on even when the rivers were flowing at their normal rates. Officials at Bonneville assumed they could buy inexpensive power on the open market.

Bonneville spokesman Mike Hansen said "people were under the impression that we'd be able to hold rates down. No one predicted what now has happened."

Copyright © 2025 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service