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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

Gas Futures Trading Being Investigated by CFTC

LCG, Jan. 12, 2004--An increase in the price of natural gas futures of 48 percent on the New York Mercantile Exchange, as well as increased market volatility, has prompted the Commodities Futures Trading Commission (CFTC) to subpoena telephone records of firms involved in the market.

Storage levels of natural gas are normal, while temperatures have recently hit record lows in the Eastern U.s. Senators Joseph Liberman, D-Conn., and Orrin Hatch, R-Utah, have both drawn attention to the increase in natural gas prices that has occurred starting after Thanksgiving of last year. Lieberman requested that the CFTC investigate the possibility of market manipulation.

All firms trading in gas futures on the Nymex are effectively subject to the investigation, as the telephone records covering communications between traders are handled by a single company, Syntegra, which is a unit of BT Group PLC.

A spokeswoman for Nymex, Nachamah Jacobovits, was quoted by Dow Jones Newswires as saying, "Nymex is scrutinizing the market with a fine-toothed comb and monitoring because of the extreme volatility. We feel strongly that our systems are designed to handle extreme situations, but that includes scrutiny during times of extreme volatility."
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