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Energy Secretary Issues Emergency Orders to Ensure Indiana Coal-fired Facilities Remain Open to Prevent Midwest Blackouts

LCG, December 24, 2025--The U.S. Secretary of Energy today issued emergency orders to keep two Indiana coal plants operational, with the stated goal to ensure Americans in the Midwest region of the United States have access to affordable, reliable, and secure electricity heading into the winter months. The orders direct CenterPoint Energy, the Northern Indiana Public Service Company (NIPSCO), and the Midcontinent Independent System Operator, Inc. (MISO) to take all measures necessary to ensure specified generation units at both the F.B. Culley and R.M. Schahfer generating stations in Indiana are available to operate.

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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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Industry News

Judge Pushes Enron to Complete Reorganization Plan

LCG, Feb. 21, 2003--After Enron Corp.'s bankruptcy filing, it seemed possible that the company could be reorganized under a new name and again reflect its traditional, asset-based roots, but it now seems much more likely that its assets will be liquidated.

Judge Arthur Gonzalez yesterday granted Enron an extension until April 30 to come up with a plan for distributing the proceeds of asset sales, hinting that this third extension may be the last. Enron has turned some of its former power plants and long-term energy delivery contracts into $1.7 billion thus far, but may be able to raise a total of $12 billion to $15 billion after further sales.

The complexity of the company's structure, with intertwined interests and obligations held by dozens of business units, has made the task of sorting out creditors' claims practically impossible. In addition, Enron has been subject to numerous investigations by federal authorities. A report will be produced by an examiner appointed by the court that is to detail how investment banks and law firms interacted with Enron.

Completion of the bankruptcy proceedings may now take another 10 months, during which billing by law firms and accountants are consuming roughly $30 million monthly. It may therefore be in creditors' favor to agree to a deal, rather than prolong competition between claims.
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