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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 Corp. Settles for $20 Million over Reported Trades

LCG, March 27, 2003After a federal investigation, the electricity trading subsidiary of El Paso Corporation has agreed to pay $20 million.

El Paso Corp.s Merchant Energy will pay $10 million now and $10 million over a three years, according to the settlement made with the Commodity Futures Trading Commission. However, the corporation continues to deny that it participated in illegal activities.

El Paso first allegedly discovered the reporting of a false trade in November of last year. Later, the company announced finding several additional false or inaccurate price reports but also noted those responsible were no longer employed with the company.

Other corporations have faced scrutiny for similar manipulative reporting allegations. Dynegy settled for $5 million in December over allegations that its traders had reported inaccurately. Williams Cos., CMS Energy, and American Electric Power Co. have also reported finding fake trades during internal investigations.

El Paso Corporation is the countrys largest natural gas company. Its trading unit Merchant Energy is slated to be shut down as the company is reorganizing and selling off some of its assets.

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