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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

Enron's Energy Traders Trading for UBS

LCG, Feb. 12, 2002--Yesterday marked renewed energy trading by former traders for Enron and associated staff, now working for UBS Warburg Energy.

UBS Warburg AG, the Swiss bank, owns the group, and whereas Enron conducted business through EnronOnline, a new site, UBSWenergy.com, is handling new accounts.

The unit is to be found in Enron's Houston office tower, and is led by Greg Whalley, once Enron president and chief operating officer. The energy trading business accounted for most of Enron's profits before misleading accounting practices led to its stock plunging and a bankruptcy filing in December.

The deal UBS Warburg made to acquire the trading unit last month will give Enron a claim on 33 percent of pre-tax profits for two years. An analyst at Fulcrum Global Partners in New York, Michael Barbis, told the Houston Chronicle, "no one expects them to be what they were. It will be a tougher time for them to get going, is my bet."

In the wake of Enron Corp.'s demise, which led to losses by other traders, some of those who dealt with Enron in the past are so far conducting transactions using the Intercontinental Exchange, owned by a consortium of well-financed energy-trading firms.
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