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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

Congressman Wants Enron's Accountants Probed

LCG, Nov. 20, 2001--U.S. Congressman John Dingell, a Michigan Democrat who considers himself the "dean of the House of Representatives" and who is the ranking Democrat on the House Energy and Commerce Committee, has called for an investigation of accounting firm Arthur Andersen in connection with its audits of Enron Corp.

In a letter released yesterday, Dingell asked the Public Oversight Board for "an oversight review or special investigation of Arthur Andersen LLP."

In his letter, Dingell wrote "The best accounting standards in the world are meaningless if the accounting and audit processes are so inept or corrupt that they produce unreliable numbers and untruthful reporting."

As high-flying Enron has collapsed, beset by a Securities and Exchange Commission investigation into several partnerships involved in "off-balance-sheet" transactions, the company has been forced to restate its earnings for recent years.

Critics have asked why the company or its accountants couldn't get the numbers right the first time. Chicago-based Arthur Andersen has also been scored for not doing more as Enron's auditor to draw investors' attention to questionable accounting practices.

Dingell is one of those critics. "I request that (the Public Oversight Board's) investigation or review include adequate, transparent and public disclosure of all significant issues identified," he wrote.

Arthur Andersen is one of the so-called "Big Five" accounting firms -- which consists of The Big Five: Andersen, Deloitte & Touche, Ernst & Young, KPMG Peat Marwick and Price Waterhouse Coopers.

They were once known as the "Big Eight," but that was before William Cooper merged with Lybrand, Adam & Edward Ross, & Robert Montgomery and later with Price Waterhouse & Co.; before Deloitte merged with Touche, Ross, Bailey & Smart; and before Ernst & Whinney merged with Arthur Young.

As the huge accounting firms have consolidated into fewer companies, they have branched out into all kinds of consulting, raising questions about possible conflicts of interest. A lawsuit in Oregon charges that Arthur Andersen's judgment in its Enron audits was impaired by fat fees it was collecting from the energy company.

In a response to Dingell's letter, Andersen spokesman David Talbot said he firm was confident that the Public Oversight Board process "will confirm the quality of our auditing processes."

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