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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

California Files Suit Against PG&E Corp.

LCG, Jan. 11, 2002--The state attorney general of California, Bill Lockyer, filed suit on Thursday against PG&E Corp., on the grounds that fraud was committed when Pacific Gas & Electric, the regulated utility, transferred over $4 billion to its corporate, unregulated parent.

According to Lockyer, when the details of electric power deregulation were being worked out, PG&E Corp. had committed itself to insuring that Pacific Gas & Electric would remain financially stable. The Public Utilities Commission made the formation of PG&E Corp. as an unregulated holding company conditional on such an understanding, the suit asserts.

On Wednesday, the PUC ruled in a 3-2 vote that although the holding company is unregulated, the state nonetheless has the authority to sue it. Lockyer commented, "When you follow the money between the child and the parent, what you find is that all the money in this system went form the chld to the parent."

The regulated utility transferred $4.6 billion through 2000 to the holding company, when one-third of its revenues were transferred. In April of 2000, it cited $13 billion worth of debt in seeking bankruptcy protection.

A statement by Locker alleged that "the corporation deliberately failed to disclose its true intentions and misled the California Public Utilities Commission to gain approval of its holding company structure." PG&E Corp. responded to the suit by saying its intended effect was "to obstruct our utility's plans for emerging from bankruptcy."

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