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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

Additional Rate Increase Possible from BPA

LCG, Jan. 31, 2003--Despite rate increases scheduled to reach 50 percent within months, the Bonneville Power Administration, the federal agency that has historically been a provider of inexpensive power in the Northwest, is projected to impose additional surcharges because of low liquidity and poor hydro conditions.

The administrator Steven Wright is expected to announce a rate increase as early as next week. Last year, rate reductions (less significant increases) had been seen as a possibility.

The agency's budget deficit is approaching $1.5 billion, with cash reserves having fallen $613 million during the past two years. The BPA will continue to pay investor-owned utilities $1.4 billion through 2006 rather than deliver power they were due, and buys power it cannot produce itself through long-term contracts, at a cost above current market prices. Due to shortfalls in output by hydropower generation, revenue has been reduced by $250 million.

The long-term power supply contracts BPA entered as a buyer during 2000, when many customers looked to buy from BPA under their own long-term contracts, were not priced as high as they could have been, considering the spot market at that time. The BPA's inability to deliver power to large utilities, however, means that those utilities can use the money BPA pays them to keep rates low, while BPA's rates have climbed.
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