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News
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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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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
J.P. Morgan Chase and Citigroup Settle Regarding Roles in Enron Debacle
LCG, July 29, 2003J.P. Morgan Chase and Citigroup have agreed to pay nearly $300 million to Enron stockholders and the city and state of New York. J.P. Morgan Chase and Citigroup, the countrys largest banks, took part in transactions with Enron that were by and large legal but still one step short of acceptable. According to regulators, the transactions mislead investors in an intentional manner. J.P. Morgan Chase participated in seven prepays with Enron Corp., loaning roughly $2.6 billion to the company over a course of four years. Citigroup lent Enron $3.8 billion over two and a half years in the same way. The banks prepay arrangements with Enron were routed through a series of corporations, some located offshore. All but two of the multiple trades completely matched one another, having the net effect of Enron being simultaneously a merchant and receiver of exactly the same amount of commodity, but leaving Enron with cash to be paid back to the bank at a particular interest rate. The confusing network of transactions functioned as a quiet loan, unnoticed by Enrons investors. The banks attorneys plead their cases before the Senate Permanent Subcommittee on Investigations last year, insisting that the banks were not responsible for clients behavior and that the transactions were legally sound. The Securities and Exchange Commission and the District Attorney of Manhattan reached the agreement with the banks yesterday. The settlement, while not a trial verdict, implies that the principle of the behavior is as important as its legal authenticity. It shows that bankers, accountants, and lawyers can be held responsible for the action of their clients. J.P. Morgan Chase will dole out $135 million to Enron investors, and Citigroup will pay $101 million. The banks will jointly give $50 million to the city and state of New York. In addition, Citigroup will pay $19 million regarding allegations of manipulative transactions with energy company Dynegy. The banks will also design a new set of standards, including improved oversight, and submit the revised standards to the Federal Reserve. The Securities and Exchange Commission is still conducting investigations into Enron and other companies.
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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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