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Energy Vault and Jupiter Power Announce New Agreement for Battery Energy Storage System in Texas

LCG, June 4, 2025--Energy Vault Holdings Inc. (Energy Vault) and Jupiter Power (Jupiter) today announced the signing of an agreement for the supply of an additional battery energy storage system (BESS) at a Jupiter site in the Electric Reliability Council of Texas (ERCOT) region. The initial BESS project, located near Fort Stockton, Texas, was completed in July 2024, with a storage capacity 100 MW/200 MWh. The new BESS project will add another 100 MW/200 MWh of capacity. Construction has commenced, and the project is expected to achieve commercial operations by the end of this summer.

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NuScale Power Achieves Standard Design Approval from NRC for 77 MW SMR

LCG, May 30, 2025--NuScale Power Corporation (NuScale), a leading provider of advanced small modular reactor (SMR) nuclear technology, yesterday announced that it has received design approval from the U.S. Nuclear Regulatory Commission (NRC) for its uprated 77 MW power modules. NuScale states that it remains the only SMR technology company with design approval from the NRC, and the company remains on track for deployment by 2030, with 50- and 77-MW SMR options.

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Industry News

FERC Okays $25 Billion Worth of Utility Deals

LCG, July 27, 2000--The Federal Energy Regulatory Commission, stepping up the pace of its utility merger reviews, yesterday approved three combinations with a total value of about $25 billion and postponed voting on a fourth that would have added over $2 billion more.

In the biggest merger, FERC approved the acquisition by El Paso Energy Inc. of Coastal Corp., a transaction valued at $17.6 billion. El Paso already operated the largest interstate natural gas pipeline system in the U.S., and the merger will add another 60,000 miles.

The deal will also create the third-largest company in U.S. natural gas production and a major player in the global electric generation sector with 15,000 megawatts in capacity. The companies expect to close the transaction in the fourth quarter this year.

FERC also approved the once-hostile takeover of Columbia Energy Group by Nisource Inc., the Indiana utility holding company known chiefly as owner of Northern Indiana Public Service Co. The $6 billion deal will make Nisource the largest natural gas company east of the Rockies and give it control of the largest underground gas storage facility in the U.S.

In approving the merger, FERC said it relied on the assurance by Nisource that Northern Indiana Public Service would join an agency-approved regional transmission organization within a year after the closing of the transaction. Nisource said it expected the deal to close by the end of the year.

In a third action, FERC gave conditional approval to the acquisition by UtiliCorp United Inc. of St. Joseph Light & Power Co. and Empire District Electric Co. The agency said the mergers could go ahead provided that UtiliCorp submit a revised analysis of the competitive effects of the mergers six months prior to their closing. That would rule out a closing of the transactions this year.

FERC postponed voting on a plan by Sierra Pacific Resources to acquire Portland General Electric Co. from Enron Corp. in a transaction valued at $2.1 billion. The agency said it wanted more information on the competitive aspects of the combination, which would create an electric utility serving more than 1.7 million customers in Nevada, California and Oregon.

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