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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

Con Edison to Sell Indian Point to Entergy

LCG, Nov. 10, 2000--Consolidated Edison Co. of New York said yesterday that it had agreed to sell its Indian Point nuclear power plant to Entergy Corp. Included in the deal is Indian Point Unit 1, which has been mothballed since 1970.

Entergy will pay Con Edison $502 million for the 975 megawatt Indian Point Unit 2, which is currently undergoing steam generator replacement, Indian Point Unit 1, three natural gas-fired turbines and other assets.

Entergy will also pay book value for the nuclear fuel on hand at the close of the transaction, a sum expected to be around $100 million. Con Edison will transfer to Entergy the decommissioning funds for both reactors.

As part of the deal, Entergy agreed to sell back to Con Edison the entire output of Indian Point Unit 2 through the year 2004 at $39 per megawatt-hour. That could mean the New York utility would get the full 975 megawatts rather than the 931 megawatts is has recently been able to squeeze out of the reactor.

Entergy previously agreed to buy Indian Point unit 3 along with the James A. FitzPatrick plant nearOswego, N.Y., from the New York Power Authority and is preparing to close that transaction. "The key point is both Indian Point operating units will be managed by a single organization with more than 25 years of proven operating experience, and that will benefit New York's consumers and economy," said J. Wayne Leonard, chief executive officer of Entergy.

Entergy said the 680 Indian Point employees would be transferred to Entergy Nuclear at their present salaries and with similar benefits.

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