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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

Morgan Stanley and Reliant Resources Settle Market Allegations with FERC

LCG, September 2, 2003The Federal Energy Regulatory Commission came to settlements with Morgan Stanley over alleged violations of trading rules and with Reliant over allegedly manipulative trading behavior.

Morgan Stanley has agreed to pay $857,089 in order to set aside claims that it was not in compliance with electricity market rules during the Western power crisis of 2000 and 2001.

Reliant Resources and FERC also came to an agreement over the companys allegedly manipulative electricity trades. Reliant has said it will pay $836,000 in order to bypass accusations that it double-sold ancillary services. The amount is supposed to reflect the profit that the company made by its alleged practices.

The settlements were filed on Friday. Morgan Stanleys settlement still faces FERC board approval.

FERC has encouraged companies involved in questionable behavior during 2000 and 2001 to try to settle allegations before November 3. An administrative law judge will preside over cases in November, when formal hearings begin.

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