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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

Nevada Power Allowed One-Month Rate Increase

LCG, May 24, 2002--The Nevada Power Co. will be allowed a one-month charge of one cent per kilowatt-hour in order to speed payments on power purchases and improve its cash flow heading into the summer.

The charge, which will increase bills for residential customers by $12 on average, was advocated by the chairman of the state Public Utilities Commission, Don Soderberg. Soderberg said that the charge, which will not increase the company's revenue, will reduce future interest payments for power purchases by $2.5 million.

Bond and credit ratings for Nevada Power have suffered after the rejection of a $922 million rate case, with half of that rate increase being approved. Critics of the utility had said that long-term purchases made in 2001 during the Western power crisis were contracted at too high a price.

Soderberg deflected criticism from state consumer advocate Tim Hay, who said the Bureau of Consumer Protection was "surprised by what appears to be an arbitrary decision by the commission" to speed payments on outstanding power bills. The PUC chairman said that although the charge was meant to give the utility a "shot in the arm" to avoid possible Chapter 11 bankruptcy, he would not consider a similar charge for the late summer months of July and August, when consumer bills will be high due to increased power usage for air conditioning.
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