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

California Treasurer Hits Road to Peddle Bonds

LCG, Aug. 3, 2001California state Treasurer Philip Angelides was in Manhattan yesterday, drumming up interest on Wall Street for $12.5 billion in state bonds intended to replenish a bank account drained nearly dry by electricity purchases.

Angelides presented his sales pitch to more than 150 money managers in New York, while another 100 or so listened in by telephone. He was offering the largest municipal bond issue ever, and the going wasn't easy.

"This is a hard row to hoe," Angelides told reporters following his presentation. "We've still got a lot of work to do."

Among the things to do is providing underwriters with assurances that the state will be able to service the debt something that should not pose a problem for the world's fifth-largest economy. But lenders always seem to want to know what the money will be used for.

The state intends that revenue from the bond sale be used to repay the California Department of Water Resources for purchasing power on behalf of the state's two largest utilities, Pacific Gas & Electric Co. and Southern California Edison Co.

But the companies believe that they should be compensated for purchasing power at high wholesale rates and selling it at low rates mandated by the state's failed electric deregulation law.

PG&E told the California Public Utilities Commission on Wednesday that it will go to court opposing any rate plan that places the water agency at the front of the line for ratepayer revenue.

Angelides said yesterday it "would be tragic" if either of the utilities filed suit to prevent the CPUC from directing that the Department of Water Resources from getting the bond proceeds. "PG&E and Edison could really delay things with a lawsuit," he said. "It would be the wrong thing to do, morally and ethically."

PG&E spokesman John Nelson said such a lawsuit by the utility would be neither immoral nor unethical.

Whatever the outcome of PG&E's threat, Angelides said the water agency would get the money it needs, even if rates have to be raised. "The bottom line is that the (Department of Water Resources) will get what it needs," he said. "If the utilities need additional funds, that's a determination for the CPUC to make."

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