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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

More Firms Bare Exposure to Enron Fallout

LCG, Dec. 3, 2001--Twenty more companies were added over the weekend to the list of 33 energy and financial firms admitting to exposure to millions of dollars in losses that could result from the collapse of Enron Corp.

Standard & Poor's said on Friday it has reviewed a number of credit derivative transactions in which Enron appears and found exposure to the company in three different types of these transactions. Divided among these deals, direct Enron credit exposure potentially could total $3.3 billion.

To the list of 33 potential losers reported in this space last Friday, these companies can be added:

  • ABM Amro - 110 million euros ($98 million U.S.).
  • Abbey National (UK) - 115 million ($164 million U.S.).
  • Aegon NV (Netherlands) - loans of $300 million.
  • Denbury Resources - about $26 million.
  • FPL Group - about $2 million.
  • John Hancock Financial Services Inc. - $320 million exposure to Enron's bonds, about one third of that debt secured.
  • International Power Plc - less than 2 million.
  • KCS Energy Inc. - around $3.8 million from hedges and oil and gas sold through Enron units.
  • MetLife Inc. - $63 million.
  • National Fuel Gas - $10.4 million.
  • Nicor Inc. - under $5 million.
  • Oneok Inc. - under $40 million before tax.
  • PG&E Corp.'s National Energy Group - uncollateralized exposure of about $8 million plus commodity hedge contracts with a market value of about $70 million based on forward prices.
  • Principal Financial Group - $171 million, plus another $50 million from investments in Enron-related entities.
  • Royal Bank of Scotland - 600 million ($856 million U.S.).
  • Sony Bank - $3 million.
  • Sumitomo Mitsui Banking Corp. - $210 million.
  • UtiliCorp United Inc. - two unsecured promissory notes totaling $31.5 million.
  • Westport Resources - less than $3.2 million in commodity sales contracts.
  • Wiser Oil - $6.1 million in 2001 and 2002 hedges.
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