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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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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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Industry News

PG&E Suspends Dividend, Says it's Almost Out of Cash

LCG, Jan. 11, 2001PG&E Corp. said yesterday it will not pay on Monday the 30-cent dividend declared by its board of directors in October. Its utility subsidiary Pacific Gas & Electric Co. not only will not pay its regular preferred stock dividend, it won't pay the parent company its $110 million dividend.

Nobody gets paid except the power producers and natural gas suppliers, and PG&E said it won't have enough cash to pay them in a few days.

In a filing with the Securities and Exchange Commission yesterday, PG&E Corp. said it cannot borrow more money to buy power or natural gas and called upon California Gov. Gray Davis to "use his emergency powers to permit the state to provide temporary financial assistance to meet the demands of gas suppliers."

PG&E said it may be forced to cut off electricity and natural gas deliveries to some of its 12 million customers unless it receives "immediate regulatory, legislative or judicial relief." Without that relief, the company said, it will default on its current obligations.

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