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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

Prospect for LNG Deliveries to Florida Improves

LCG, November 23, 2004--El Paso Corporation filed its application with the Federal Energy Regulatory Commission (FERC) last week to build and operate the proposed Seafarer natural gas pipeline, which will transport gas from the proposed High Rock LNG regasification facility in the Bahamas to southern Florida, where forecast gas requirements to fuel planned, new electric generators continues to increase at a rapid pace.

The pipeline project includes an 87-mile, international segment from the proposed regasification facility in the Bahamas to the United States-Bahamas Exclusive Economic Zone boundary in the Atlantic Ocean, together with a 41-mile segment extending on to an intertie with the Florida Gas Transmission pipeline system in Palm Beach County, Florida. El Paso plans for construction on the 26-inch diameter pipeline to begin in 2006 and for the pipeline to be in service by 2008.

Agreements are in place between El Paso and FPL Group Resources affiliates for 800,000 dekatherms/day. At the supply end, an affiliate of FPL Group Resources has entered into an exclusive relationship with RasGas (II), a 70:30 joint venture between Qatar Petroleum and ExxonMobil, with an expectation of completing an LNG sale and purchase agreement for approximately 800,000 dekatherms/day of LNG to be delivered over a 25-year period beginning in mid 2008.

On November 19, it was announced that the Import-Export Bank of the United States agreed to extend a loan guarantee of up to $930 million to support the export of U.S. goods and services to Qatar Liquefied Gas Co. Ltd. in order to build a LNG project in Qatar.

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