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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

CFTC Sends Subpoena to Avista

LCG, June 24, 2002--The U.S. Commodity Futures Trading Commission sent energy company Avista Corp. a subpoena ordering trading records relating to "round-trip" trades.

Avista has been under threat of losing its trading license, along with three other energy traders: Williams Cos Ltd., El Paso Electric Co., and Portland General Electric Co. The Federal Energy Regulatory Commission warned these companies after an initial order to over a hundred companies to state whether or not they had participated in certain trading practices.

On June 14, Avista said that it did not knowingly participate in manipulative trading during California's energy crisis.

The CFTC has joined FERC, the Securities and Exchange Commission, and the Justice Department in the investigation of the electricity market.

According to Reuters, Avista believes that other companies must have received subpoenas from the CFTC as well.

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