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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

NRG Buys 2 Connecticut Plants from Wisconsin Energy

LCG, Dec. 28, 2000--NRG Energy Inc. said yesterday it has agreed to acquire the Bridgeport and New Haven Harbor power plants in Connecticut from Wisconsin Energy Corp. for $325 million, subject to customary purchase price adjustments.

The two plants had earlier been acquired from United Illuminating Co. by Wisconsin Energy. Bridgeport is a 660 megawatt oil-fired steam turbine plant and has an additional 19 megawatts of combustion turbine capacity. New Haven Harbor is a 431 megawatt oil-fired steam turbine plant.

David H. Peterson, chief executive of NRG, said the acquisition will be immediately accretive to earnings. "Acquiring these generating facilities is consistent with NRG's strategy of developing and maintaining a top-three position in the Northeast," he said.

Richard A. Abdoo, chief executive of Wisconsin Energy, said "We are focusing on our core competencies of international manufacturing, electric generation and electric and natural gas distribution in the Midwest. And while we are impressed with the quality of these facilities because of their fuel flexibility and skilled workforce, we have decided to monetize the value of these assets to benefit our shareholders."

The transaction, subject to approvals from the Federal Trade Commission and the Federal EnergyRegulatory Commission, is expected to close during the first half of next year.

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