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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

Enron's Dabhol Power, Lenders to Meet in London

LCG, Nov. 27, 2001--Dabhol Power Co., the huge power project in India that is 65 percent owned by Enron Corp. of the U.S., will meet with its lenders in two separate meetings in London this Friday and Saturday and may decide the fate of India's largest foreign investment.

The meetings will consider proposals which would allow Dabhol to terminate its agreement with the Maharashtra State Electricity Board. Enron had issued a preliminary notice of termination last May with a deadline of November 19, but a Bombay court, acting on an appeal by Indian lenders, asked Dabhol to withhold a notice of termination until December 3.

The Indian financial institution feared that if the contract with the MSEB were terminated they would have little chance of recovering the $1.4 billion they have advance the $2.9 billion project.

Non-Indian lenders, led by Citibank and Bank of America, both of the U.S., will meet Friday to consider giving Dabhol their permission to issue the notice of termination. Also on Friday, the Dabhol board will meet in London to consider giving the project's management authority to issue the notice of termination.

Enron, which owns 65 percent of Dabhol, and two other U.S. firms, General Electric Co. and Bechtel Enterprises -- each with 10 percent -- are fed up with doing business in India and would like to exit the subcontinent.

Their departure would be a blow to India's 10-year-old electricity sector reform program, which had already seen the departure of five other foreign companies which cited bureaucratic delays and legal wrangling as a steady diet when doing business in India.

If Dabhol issues its final notice of termination, the brouhaha would move to international arbitration to resolve arguments over damages.

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