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News
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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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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
Shell Valuation of Power Agreements Too Optimistic, Former Manager Says
LCG, July 18, 2002--A former manager at the energy trading unit of Royal Dutch Shell ("Shell") in Houston who was dismissed in August 2001 told the Financial Times and Reuters that the company's valuation of options it held on power purchases relied on overly optimistic assessments of future power prices.Shell's agreements with independent power producers require it to make capacity payments of $7.4 billion over 20 years. The power producers run plants using natural gas from Shell, which may exercise options to sell power from the plants should power prices rise. The agreements were sealed three years ago, when power prices in the U.S. were about 50% higher than they are currently. The manager, George Namur, claimed that "We knew what our capacity payments would be and then had to use highly optimistic power price forecasts and other creative items to exceed the 15 per cent return rate." The forecasts used in valuation of such options are potentially wide-ranging.A statement by Shell indicated that "rigorous due diligence and evaluation processes" were undertaken prior to the company's completing the deals, which are not uncommon in the energy industry. Shell stated that 2001 accounting recognized profits from the deals as the agreements progressed. Most payments for the "tolling" agreements will be due in 2007.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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