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DOE Announces Site Selection for Energy Infrastructure and AI Data Centers on Federal Lands

LCG, July 24, 2025--The U.S. Department of Energy (DOE) today announced the next steps in the Trump administration’s plan to accelerate the development of AI infrastructure by using Federal lands to lower energy costs and help power the global AI race, as previously outlined in President Trump’s Executive Orders on Accelerating Federal Permitting of Data Center Infrastructure, Deploying Advanced Nuclear Reactor Technologies for National Security, and Unleashing American Energy.

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Enbridge Announces 600-MW Solar Project in Texas to Power Meta Data Center Operations

LCG, July 22, 2025--Enbridge Inc. (Enbridge) today announced that it has reached a final investment decision on the Clear Fork solar project located near San Antonio, Texas. Meta Platforms, Inc. (Meta), has signed a long-term contract for all of the renewable power generated from the 600-MW project.

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Industry News

E·on to Bid $13.5 Billion for Powergen Today

LCG, April 9, 2001Eon, Germany's second-largest utility, this morning said it would offer 5.1 billion ($7.2 billion U.S.) for British utility Powergen. Assumption of almost 4.5 billion in debt pushes the enterprise value placed on Powergen to 9.6 billion ($13.5 billion).

The price, 7.65 per Powergen share, represents an 8.4 premium over the British company's closing price on Friday, but is a 26 percent premium over the share price on January 16, the date Powergen announced it was engaged in negotiations with Eon.

Powergen's acquisition of U.S. utility LG&E Energy last year, the reason for much of its debt, is also in part the reason for Eon's interest. "Our goal is to achieve a leading position in the U.S.," an Eon official said.

The deal is subject to approvals from regulators in the U.S. and Europe. Eon hopes to close the transaction next spring, but left itself free to walk away from the acquisition if clearances are not received by July 2002.

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