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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

Bankruptcy Court Okays PG&E Payment to Calpine

LCG, Dec. 26, 2001--Calpine Corp. said Monday that the U.S. Bankruptcy court in San Francisco has approved payment of more than $265 million by Pacific Gas & Electric Co. for electricity sold to Calpine between December 2000 through April 2001.

Calpine said without elaboration that the back bills were those of its "qualifying facility" affiliates. The company was likely referring to The Geysers, 14 geothermal power plants purchased from PG&E in May, 1999 for $212.8 million.

The Geysers, located about 90 miles northeast of San Francisco in Sonoma and Lake counties, is the world's largest producing geothermal resource, with more than 1,000 megawatts in production. It has been in operation for 39 years and Calpine has been active there since 1987.

The court's order calls for PG&E to make monthly payments to Calpine beginning this coming December 31 and continuing until the earlier of Nov. 30, 2002, or the date when PG&E's plan of reorganization becomes effective.

Calpine said it planned to sell the receivables in order to generate cash proceeds in this calendar year.

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