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X-energy and Dow Submit Application to the NRC to Construct an Advanced Nuclear Project in Texas

LCG, March 31, 2025--Dow and X-Energy Reactor Company, LLC ("X-energy") today announced the submission of a construction permit application to the U.S. Nuclear Regulatory Commission ("NRC") for a proposed advanced nuclear project in Seadrift, Texas. The proposed advanced small modular reactor ("SMR") project could begin construction later this decade and commence operations early next decade.

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Avangrid's 238-MW True North Solar Project Achieves Commercial Operation

LCG, March 27, 2025--Avangrid, Inc., a member of the Iberdrola Group, today announced that its True North Solar project, located in Falls County, Texas, has achieved commercial operation. The True North Solar project will deliver electricity into ERCOT and support Meta's operations, including Meta's upcoming data center in neighboring Temple, its second data center in Texas.

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Industry News

TXU Gets Okay to Buy Britain's Norweb

LCG, Oct. TXU Corp. of the United States was given clearance this morning by British regulators to acquire a regional electric company in northern England in a deal that will make the Texas company the biggest electricity retailer in the United Kingdom.

An arrangement between TXU and the British firm United Utilities for the purchase of Norweb Energi, the regional power retailer, for about $450 million was announced in August. The deal will add about 2.2 million electricity and gas customers to the 3.4 million TXU has through its ownership of Eastern Energy.

Industry savants in Britain have long said that a customer base of 5 million was necessary for a company to be a major long-term player in the UK retail energy market, and TXU is first over the bar with 5.6 million. The company will also become the number two natural gas retailer behind British Gas.

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