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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

'Not Much Achieved' in Indian Power Sector, Paper Says

LCG, Dec. 14, 2001--Despite reforms by the government of India aimed at boosting investments in infrastructure, "not much has been achieved" in the area of private financing, the Economic Times, an Indian business newspaper, said today.

The paper noted the brouhaha between once-mighty Enron Corp.'s Dabhol Power Co. in Bombay and the Maharashtra State Electricity Board, similar problems between AES Corp. of the U.S. and the government of the state of Orissa and the decision yesterday by U.S. firm Mirant Corp. to abandon its efforts in India, which included a $5 billion power project.

Not mentioned were earlier departures from India by Electricit de France, Cogentrix Energy Inc. and others.

The paper pointed to a report, India Infrastructure Report 2002, released Wednesday, which said true reform is waited in the power sector. The report says the "main reason for this is the non-resolution of a bankable security package for lenders, finalization of the escrow agreement and its operationalization," according to the Economic Times.

The government plans to bring under control huge transmission and distribution losses in the power sector through privatization of distribution, the report said. The paper said, however, that financial institutions feel distribution of power has never been an area of investment. Officials say a substantial investment in power distribution would lead to an increase in the tariff while the populace would expect a reduction to result from privatization.

The paper said the flaw in the policy with regard to electricity was the failure to recognize that the root of the problem lies in the financial unavailability of the state electricity boards, causing independent power projects to look for temporary solutions such as escrow arrangements and central government guarantees, according to the report.

The Indian power ministry has proposed a five-point strategy to convert the money-losing state electricity boards into "viable profit making concerns." There would be state-specific revival packages, a district-oriented nationwide distribution plan, conversion of all distribution feeders into profit centers, ensuring metering of all customer connections, and bringing state electricity board accounting procedures in line with international standards.

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