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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

Indian Lenders Sue Enron's Dabhol Power

LCG, Nov. 8, 2001--Enron Corp.'s Dabhol Power Co. in western India yesterday canceled a meeting with four Indian lenders after the institutions filed a lawsuit against the U.S. energy company and three other parties demanding that work on the unfinished Dabhol power station be resumed.

Enron was scheduled to begin two days of meetings today in Singapore with the lenders to discuss bids by two Indian companies to acquire a stake in the $2.9 billion Dabhol Power Co.

Industrial Bank of India, Industrial Finance Corporation of India, State Bank of India and ICICI petitioned a Bombay court to demand that work on the power project in the western Indian state of Maharashtra be resumed to ensure adequate cash flows to the project and help its promoters make payments to the four financial institutions.

The 740 megawatt Phase 1 of Dabhol had been producing power for nearly a year and the 2,144 megawatt Phase 2 was less than a month from completion when Enron shut down both last June, citing difficulty in getting paid for power generated by Dabhol.

If work at Dabhol were resumed, the problem of getting paid would still exist. For that reason, the suit initiated by the four lenders also includes as defendants the government of India, the government of Maharashtra state and the Maharashtra State Electricity Board, which is Dabhol's sole customer.

The Singapore meeting was to have addressed bids by two Indian companies, Tata Power and Bombay Suburban Electricity Supply, to acquire Enron's 65 percent stake in Dabhol. Enron has lowered its selling price from $1 billion to $850 billion.

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