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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

Oregon PUC Cuts Electricity Rates by $312 Million

LCG, October 31, 2002-Yesterday the Oregon Public Utilities Commission mandated that Portland General Electric lower its retail electricity rates by 12 percent.

While PGE had asked for a 10 percent rate decrease, the OPUC ruled that the utility had entered into some less than optimum contracts and should not be allowed to recover $25.2 million.

A combined total of 125 megwatts of peak capacity was bought at an average price of $85 per megawatt-hour, amounting to $14.65 million. Hydroelectric generation costs, as well as unplanned plant outages and plant depreciation, were also added into the retail rate determination.

PGE officials say the rate decrease will have a significant financial effect and contend that all contracts it made were prudent and necessary in order to maintain available supply.

PGE, a unit of Enron Corp., serves 730,000 customers in the Portland area.

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