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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

Calpine Cancels Sonoran Pipeline

LCG, Feb. 19, 2002--A $1.7 billion natural gas pipeline planned by Calpine Corp. and Kinder Morgan Energy Partners will not be built, according to representatives of the joint venture.

Calpine said shipping contracts with other companies could not be obtained. Furthermore, it said it had not spent "significant capital" on the Sonoran pipeline project, which was to have been operational in 2004. It would have brought gas from New Mexico's San Juan Basin to locations near the southern California border.

Calpine has been watched closely by investors after its debt was downgraded by the major rating agencies, and is seeking to obtain a $350 million credit line as it reigns in planned spending.

Another pipeline being developed by Calpine is meant to serve the Otay Mesa power plant near San Diego and is now expected in July 2003, later than expected.

According to the California Public Utilities Commission, lower usage of natural gas by gas-fired electricity generators has led to a 11% decrease in demand within the Southern California Gas Co. system. Wayne Andrews, an analyst with Raymond James & Associates Inc. in Houston said that pipeline capacity could be fully utilized when demand and economic conditions return to normal. After commenting that the "gas crisis" was not solved in California, he said "we just got a downturn in the economy. Natural gas consumers used fuel oil or anything else they could in reaction to the high prices."
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