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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

Hyder Reconsiders Spin-off of Power Business

LCG, July 18, 2000--Hyder, the Welsh water and energy utility being pursued by the Japanese investment bank Nomura Securities and WPD, a U.S. venture between PPL Inc. and The Southern Co., said in a statement yesterday that it was reconsidering a separate sale of its electricity business.

The company said that earlier this year it had considered selling the electricity business and transferring its water business to an alternative ownership structure but had backed off because of loan conventions which would have required the company to pay off much of its 1.67 billion ($2.5 billion U.S.) debt at significant premiums.

The company said lenders have since indicated that they would be more flexible so the possibility of the breakup of the company was being reconsidered.

"The board has decided to re-examine this option with a view to offering shareholders greater value than either of the current offers and has appointed Merrill Lynch to work with its other advisors in developing this possibility," the company said in its statement.

Nomura had offered 402 million ($602 million) for the company earlier this year. WPD has since offered 464 million ($695 million) and has received approval from the European Commission.

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