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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

El Paso Will No Longer Trade Energy

LCG, Nov. 8, 2002--El Paso Corp.'s energy-trading portfolio will be liquidated and transferred to another, separately capitalized unit in order to protect the balance sheet and credit of the company.

The central unit's revenue was down compared with the previous year by $336 million, while $96 million worth of contracts valued through mark-to-market accounting had to be removed from revenue. Within two years, El Paso expects it will have completely rid itself of its portfolio, which will go to Travis Energy Services.

El Paso's trading division has received unwanted attention following a ruling by an administrative law judge with the Federal Energy Regulatory Commission that an El Paso pipeline prevented gas from flowing into California, driving up prices of gas and electricity, adding up to an additional $3 billion needed for energy spending.

"While overall earnings were hurt by weak trading and refining results, our core businesses of pipelines, production, midstream, and power produced strong earnings and cash flow in a difficult quarter," William A. Wise, the chairman and chief executive, said in a statement.

El Paso's pipeline business and oil and gas production have seen earnings increase 11% and 5.9% respectively over last year's results. Its field-services unit experienced a loss of $11 million.
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