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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

California Reviews Bids to Provide Long-term Power

LCG, Jan. 23, 2001The California Department of Water Resources began this morning to accept sealed bids for mid- to long-term electricity contracts. The "auction," announced yesterday by Gov. Gray Davis, began at 9:00 a.m. this morning and will run until noon tomorrow.

In a news release yesterday, Davis said that bids will be accepted for power delivery over six-month, three-year, five-year and 10-year periods. The statement did not say when successful bids would be announced.

"I expect these bids on long term energy contracts should stabilize the market and drive the price ofelectricity down," Davis said in the statement. "This is a key step in our efforts keep the lights on in California at a reasonable price."

Prices for power under mid- and long-term contract is expected to be substantially lower than the prices paid by Pacific Gas & Electric Co. and Southern California Edison Co. on the spot market they were forced to use by California's electric restructuring law.

The two utilities, having exhausted their financial resources subsidizing the low retail electricity prices imposed by the law, are no longer able to purchase power for their customers. Last week, Davis named the Department of Water Resources to run a $400 million emergency power purchase plan to take up the slack.

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