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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

Who Gets Hit with Enron Fallout

LCG, Nov. 30, 2001--For the past few days, energy companies and financial institutions have been cranking out press releases detailing their "exposure" to the stunning collapse of Enron Corp. Here is an incomplete list of who gets hurt and how much:

  • Aquila Inc. - less than $50 million.
  • Allegheny Energy Inc. - less than $5 million.
  • American Electric Power Co. - under $50 million.
  • BP Plc - exposure "a couple of tens of million dollars," according to industrial observers.
  • Barclays Bank - 400 million ($571 million U.S.) in the form of syndicated loans and derivatives.
  • Bear Stearns Cos. Inc. - $69 million.
  • Canadian Imperial Bank of Commerce - $215 million, more than half of it unsecured.
  • Centrica Plc - 30 million ($42.8 million U.S.).
  • Chubb Corp. - $220 million in maximum pre-tax exposure to surety bonds relating to Enron Corp.
  • Citigroup Inc. - between $700 million to $800 million, about half unsecured.
  • Credit Lyonnais - $250 million, about half unsecured.
  • Commerzbank AG - "low double-digit million dollar amount".
  • Deutsche Bank - maximum loss of tens of millions of dollars.
  • Dominion Resources Inc. - past credit exposure of $11 million.
  • Duke Energy Corp. - $100 million in non-secured exposure.
  • Dynegy Inc. - $75 million.
  • El Paso Corp. - net trading exposure about $50 million.
  • Energen Corp. - about $14 million.
  • Exelon Corp.- net exposure less than $10 million.
  • ING (The Netherlands) - about $195 million.
  • J.P. Morgan Chase & Co. - $900 million, including $400 million in secured loans.
  • KeySpan Corp. - less than $4 million.
  • Mirant - up to $60 million.
  • NRG Energy Inc. - less than $10 million.
  • Northern Border Partners LP - $9 million over next year.
  • PPL Inc. - less than $10 million.
  • Peoples Energy Corp. - approximately $8 million.
  • RWE AG - 10-11 million euros ($9.77 million U.S.).
  • Reliant Resources Inc. - approximately $80 million.
  • Sempra Energy - less than $15 million.
  • Seneca Resources Corp. - about $10.4 million.
  • TotalFinaElf - $25 million.
  • Williams Cos. - net exposure less than $100 million.
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