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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

Dynegy Settles Case Charging Manipulation of Gas Market

LCG, December, 2002--A $5 million settlement was reached in a case brought by the Commodity Futures Trading Commission (CFTC) against Dynegy Inc. and a joint venture it co-owned with NRG Energy Inc., over what the federal agency said were fabricated natural gas trades.

The fictional trades cited by the CFTC were allegedly submitted to a company or companies compiling natural gas price indexes in order to drive prices up. If the apparent attempt to manipulate the indexes had been successful, it could have led to higher power prices. The trades as reported indicated that West Coast Power, the joint venture, was a counter party. West Coast Power owns three power plants divested by San Diego Gas & Electric Co. and Southern California Edison Co. Gas was supplied to the plants by Dynegy, which also marketed their output. NRG was responsible for their operation.

A spokesman for the CFTC said that the agency's investigation would likely lead to further information that could affect other cases. According to a spokeswoman for NRG, Meredith Moore, Dynegy was making the $5 million payment, and did not communicate with NRG about the fact that a settlement was being approached. The settlement does not include any admission or denial of wrongdoing.

The General Accounting Office, Congress' investigative and research arm, released a report yesterday that concluded that the ability of three federal agencies, including the Federal Energy Regulatory Commission (FERC), the CFTC, and the Energy Information Administration, a unit of the Department of Energy, were not equipped to oversee competitive, open natural gas markets.

The report's authors found that the FERC's legal authority has not been updated in recognition of the deregulation of natural gas markets, and that it "lacks assurances that wholesale natural gas prices are just and reasonable," the report said. The CFTC found that while CFTC is able to investigate trading practices, it lacks oversight of energy derivatives sold over-the-counter. The report noted some initiatives that have been undertaken by the FERC and EIA respectively to bolster their market oversight resources and to determine what information could be made available to encourage an open market.
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