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Energy Secretary Issues Emergency Orders to Ensure Indiana Coal-fired Facilities Remain Open to Prevent Midwest Blackouts

LCG, December 24, 2025--The U.S. Secretary of Energy today issued emergency orders to keep two Indiana coal plants operational, with the stated goal to ensure Americans in the Midwest region of the United States have access to affordable, reliable, and secure electricity heading into the winter months. The orders direct CenterPoint Energy, the Northern Indiana Public Service Company (NIPSCO), and the Midcontinent Independent System Operator, Inc. (MISO) to take all measures necessary to ensure specified generation units at both the F.B. Culley and R.M. Schahfer generating stations in Indiana are available to operate.

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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.

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Industry News

Senate Bill Pushes for Federal Oversight of Derivatives Trading

LCG, Feb. 15, 2002--A group of senators from Western states introduced legislation yesterday that would make over-the-counter energy contracts and derivatives trading subject to federal oversight.

Since prior legislation was passed in 2000, the Commodity Futures Trading Commission has been explicitly prohibited from overseeing energy contracts for electricity, natural gas, oil, gasoline and related commodities that are bought and sold outside regulated commodity exchanges, such as the New York Mercantile Exchange (NYMEX).

The sponsoring legislators, senators Dianne Feinstein and Barbara Boxer of California, Maria Canwell, D-Wash., and Ron Wyden, D-Ore., would like electronic trading forums like the former EnronOnline, as well as contracts traded outside electronic marketplaces, to be overseen by the CFTC if settlement is done in cash and if the contract does not require delivery of a commodity. Derivatives contracts are linked to underlying prices of commodites. Billions of dollars' worth of derivatives contracts are traded, with such trading being a primary source of Enron Corp.'s profits.

In cases where the CFTC did not have authority to oversee certain transactions, the Federal Energy Regulatory Commission would have oversight, according to the legislation. At a Congressional hearing Wednesday, CFTC chairman James Newsome, a Republican, testified that his agency has all of the regulatory authority it needs in the aftermath of Enron's collapse.
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