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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

PG&E Suspends Dividend, Says it's Almost Out of Cash

LCG, Jan. 11, 2001PG&E Corp. said yesterday it will not pay on Monday the 30-cent dividend declared by its board of directors in October. Its utility subsidiary Pacific Gas & Electric Co. not only will not pay its regular preferred stock dividend, it won't pay the parent company its $110 million dividend.

Nobody gets paid except the power producers and natural gas suppliers, and PG&E said it won't have enough cash to pay them in a few days.

In a filing with the Securities and Exchange Commission yesterday, PG&E Corp. said it cannot borrow more money to buy power or natural gas and called upon California Gov. Gray Davis to "use his emergency powers to permit the state to provide temporary financial assistance to meet the demands of gas suppliers."

PG&E said it may be forced to cut off electricity and natural gas deliveries to some of its 12 million customers unless it receives "immediate regulatory, legislative or judicial relief." Without that relief, the company said, it will default on its current obligations.

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