IC2 creates its configuration file in %appdata%\config\ instead of the .minecraft subdirectory =)
 
															
		Bug [v1.0] Config\ic2.cfg in %appdata% root
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			- Official Post
 Whoops, forgot the working directory wouldn't be the .minecraft directory. Submitting a fix, thanks for the report. 
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			Actually my config file appears on my desktop. 
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			- Official Post
 Mine is in my users/killerbeez/downloads folder. lol 
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			My IC2.cfg is in a config folder in my User/Username/Downloads folder And if I move it to .minecraft/config it still regenerates a new config file in my downloads folder 
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			Mine ended up on my desktop, didn't matter though since I was ONLY using IC2 
 
		