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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

Spain's Hidrocantábrico is Takeover Target Again

LCG, Jan. 25, 2001Hidroelctrica del Cantbrico, the fourth-largest Spanish electric power generator, is once again the apple of many eyes, and TXU Europe, once a suitor, says it is now a seller.

Electricidade de Portugal, the Portuguese national power firm 30 percent owned by the government, and Spanish savings bank Caja Asturias confirmed this morning they were about to make a cash bid for Hidrocantbrico and officials of Germany's RWE AG were at the Spanish utility's Asturian headquarters earlier this week pressing their case.

Hidrocantbrico's board on Monday spurned an offer from Ferroatlantica for a 25 percent stake in the company, saying its bid of 19 euros per share did not reflect the true value of the Spanish generator. Germany's Energie Baden-Wrttemberg AG was also rejected by the board.

According to TXU Europe, a subsidiary of Dallas-based TXU Corp., Caja Asturias and Electricidade de Portugal want to buy 100 percent of Hidrocantbrico and are willing to pay 24 euros per share, or $21.91 U.S. TXU said in a statement "This transaction provides TXU Europe with certainty over its exit from Hidroelctrica del Cantbrico at Euro 24 per share."

The offers from Electricidade de Portugal and RWE could meet with resistance from the Spanish government which opposes ownership of Spanish firms by companies which are partly owned by other governments. RWE, Germany's largest electric utility, is more than a third owned by municipal governments.

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