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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

Canadian Merger Would Form Largest North American Independent Oil and Gas Producer

LCG, Apr. 4, 2002--The merger of Alberta Energy Co. and PanCanadian Energy Corp. appears likely as shareholders of both companies vote their interests today.

The deal, which would create EnCana Corp., has been under discussion since October, when oil and gas prices were sigificantly lower. The director of oil and gas research at Scotia Capital Inc., David Stenason, said, "I think the cash flow is going to be unbelievable for this company and it's [higher commodity prices] giving EnCana a great start."

The approval by a majority of shareholders is thought to be more than likely. According to the details of the proposal, PanCandian would offer 1.4772 shares per AEC share. Gwyn Morgan, who organized the deal and is CEO of AEC, said the new entity would not only be the largest independent natural gas producer in North American but would also have the highest "internal growth."
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