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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

Privatization of Two Peruvian Companies On Hold

LCG, June 20, 2002--Major political upheaval continued over the privatization of two Peruvian power companies, as President Alejandro Toledo issued a letter of apology yesterday, and suspended the sale.

Negotiations between the government and local officials and civic leaders led to a decision to let the nation's high court decide the legality of the sale. Belgian firm Tractabel, which was declared the top bidder for the companies last Friday, accepted the decision.

A group of mayors put their support behind a referendum on the issue, rather than consideration by the high court. Widespread protests by some fearing job cuts and higher power tariffs had led to a 30-day state of emergency being declared, but with the reading of the president's letter Wednesday, Vice President Diez Canseco said that the state of emergency would be lifted by Friday. Alejandro cancelled a trip to the United States and Nicaragua in response to the protests.
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