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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

Oregon Approves Sierra Pacific-Portland General Deal

LCG, Oct. 31, 2000--The Oregon Public Utility Commission yesterday approved the pending acquisition by Sierra Pacific Resources Corp. of Portland General Electric Co. from Enron Corp.

Walter M. Higgins, chief executive of Sierra Pacific, said "PGE is one of the premier electric utilities in the West and this approval moves us one step closer to the merging of our two companies."

Peggy Fowler, chief executive of the Portland-based utility, said "The ultimate winners are our Oregon customers. The agreement assures they can continue to receive the same level of outstanding service that they have come to expect from PGE."

Sierra Pacific said the PUC approval calls for a six-year price freeze for PGE customers and a $95 million credit for Oregon consumers. The "acquisition credit" will be shown on monthly power bills as soon as the transaction is complete and will continue through Sept. 30, 2007.

"We still have additional approvals to obtain, but the PUC approval is a significant step," addedHiggins. "We must still obtain approval from the Federal Energy Regulatory Commission and theSecurities and Exchange Commission. We're working toward that and anticipate closing thetransaction early next year."

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