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OPG Completes Darlington Nuclear Station Refurbishment Project Under Budget and Ahead of Schedule

LCG, February 2, 2026--Ontario Power Generation (OPG) announced today that construction on the four-unit Darlington Refurbishment project is now complete. Station staff are completing final testing, and the last unit is expected to return to service in the coming weeks. OPG stated that the overall project is currently four months ahead of schedule and $150 million under budget.

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NERC's New Annual Assessment Shows Rapid Demand Growth Increasing Resource Adequacy Risks Across North America

LCG, January 30, 2026--The North American Electric Reliability Corporation (NERC) yesterday issued its 2025 Long-Term Reliability Assessment (LTRA) and infographic that spotlight intensifying resource adequacy risks throughout the North American bulk power system (BPS) over the next 10 years.

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Industry News

AES to Buy Ipalco for $2.15 Billion Plus Debt

LCG, July 17, 2000--AES Corp. and Ipalco Enterprises Inc. announced jointly this morning that AES would acquire the Indiana utility holding company in a transaction valued at about $2.15 billion plush the assumption of around $890 million of debt and preferred stock.

Ipalco is the holding company for Indianapolis Power & Light Co. which provides retail electricservice to approximately 430,000 residential, commercial and industrial customers in Indianapolis and other central Indiana communities.

Under the terms of the deal, Ipalco shareholders would get $25 worth of AES stock for each Ipalco share they tender, which would be a 16 percent premium over the utility's closing price on Friday. The transaction is expected to be tax-free to Ipalco shareholders, accounted for as a pooling-of-interests and immediately accretive to AES earnings per share.

Upon closing, Ipalco will become a wholly-owned subsidiary of AES with its headquarters remaining in Indianapolis.

The transaction is subject to approval by Ipalco shareholders and the usual array of regulators including the Federal Energy Regulatory Commission and the Securities and Exchange Commission. As part of the SEC approval process, AES said it would restructure its ownership interests in Cilcorp in order to continue as an exempt holding company under the Public Utility Holding Company Act of 1935.

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