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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

PG&E: Bankruptcy Isn't Cheap

LCG, Aug. 6, 2001--Pacific Gas & Electric Co., which filed for Chapter 11 bankruptcy protection on April 6, and its parent holding company, PG&E Corp., had by the end of June spent $9 million on lawyers and other expenses connected with the bankruptcy, the Los Angeles Times reported Friday.

That is only one one-thousandth of the $9 billion in debt PG&E ran up paying high prices for wholesale electricity that the utility was required to resell to its customers at low retail rates mandated by California's failed electric deregulation scheme.

But bankruptcy experts have estimated that the total bill for armies of lawyers, accountants, investment bankers and others advising the utility, its parent company and the utility's creditors during the course of the bankruptcy proceeding could approach a half-billion dollars.

The Times noted that for the six months ended June 30, PG&E Corp. and its utility spent $25 million after taxes on professional fees and expenses related to the bankruptcy. The $16 million spent in the first quarter reflects the enormous task of preparing for the third-largest bankruptcy filing in U.S. history, the paper said.

PG&E must file a plan of reorganization showing how it will pay off its debts by December 6. PG&E Corp. and its unregulated subsidiaries are not included in the bankruptcy case.

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