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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

CPUC Won't Deal with Bond Issue Today

LCG, Sept. 20, 2001--The California Public Utilities Commission was scheduled to act today on eliminating the electricity customer's option to choose his own supplier but said it would not deal with the way the state's Department of Water Resources services and repays debt incurred by the pending $12.5 billion bond issue.

Tabling the bond issue deliberations further imperils the state's ability to bring the issue to market by October 31, a deadline set by state Treasurer Phil Angelides.

CPUC Commissioner Jeff Brown said at a news conference yesterday that it could take up to 45 days to decide on the water agency's "revenue requirement," the amount of money the CDWR would need to take off the top of electric customer payments to pay interest and principal on the bonds.

Also interested in the water agency's revenue requirement is bankrupt utility Pacific Gas & Electric Co., which has vowed to go to court if it feels that its customers are asked to bear a disproportionately large share of the bond debt.

Angelides has said that a long, drawn-out lawsuit could torpedo the bond issue, which is needed to repay the state's general fund for $11 billion on power already purchased and used and another $43 billion in long-term power purchase contracts that extend over -- and perhaps beyond -- the next decade.

Today, the CPUC is expected to reverse a provision of the California electric deregulation law that allows customers to purchase power from non-utility suppliers. State officials fear that keeping customer choice offers industrial customers a way to buy power from new suppliers and dodge paying for the emergency power supplies already purchased by the water agency.

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