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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 Approves Sierra Pacific-Portland General Deal

LCG, Oct. 31, 2000--The Oregon Public Utility Commission yesterday approved the pending acquisition by Sierra Pacific Resources Corp. of Portland General Electric Co. from Enron Corp.

Walter M. Higgins, chief executive of Sierra Pacific, said "PGE is one of the premier electric utilities in the West and this approval moves us one step closer to the merging of our two companies."

Peggy Fowler, chief executive of the Portland-based utility, said "The ultimate winners are our Oregon customers. The agreement assures they can continue to receive the same level of outstanding service that they have come to expect from PGE."

Sierra Pacific said the PUC approval calls for a six-year price freeze for PGE customers and a $95 million credit for Oregon consumers. The "acquisition credit" will be shown on monthly power bills as soon as the transaction is complete and will continue through Sept. 30, 2007.

"We still have additional approvals to obtain, but the PUC approval is a significant step," addedHiggins. "We must still obtain approval from the Federal Energy Regulatory Commission and theSecurities and Exchange Commission. We're working toward that and anticipate closing thetransaction early next year."

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