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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

Avista Rate Agreement Reached in Washington State

LCG, Mar. 5, 2002--Effective today, an agreement has been reached between Industrial Customers of Northwest Utilities, the Public Counsel Section of the Washington Attorney General's Office, staff of the Washington Utilities and Transportation Commission (WUTC), and the Avista corporation.

Avista has been approved to recover ninety percent of deferred power costs, incurred over the second half of last year, amounting to about $196 million. These costs were found to be acquired prudently and therefore will cease to be refundable; Avista sustains a 25 percent surcharge to assuage operating costs.

Avista serves customers in four western states, including 210,000 in eastern Washington, from which it derives 67 percent of total electric revenues. Avista will write off $21.8 million of deferred expenditures that it cannot recover through customer rates, yielding a $0.30 non-cash charge per diluted share. This change brings Avista's 2001 consolidated earnings down to $0.20 per diluted share.

A five percent monthly bill increase will follow for all customers; This charge results in an additional $2.92 per month for customers using 1,000 kilowatt-hours, in a total charge of $55.81, which is still substantially below the national average.

Efforts to minimize the impact on customers include donating $50,000 to Project Share as well as extended payment programs and increasing awareness of pre-existing low-income programs.
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