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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

FERC to Review Possible PacifiCorp Contract Cancellation

LCG, June 26, 2002-A Federal Energy Regulatory Commission judge will determine whether or not PacifiCorp may renegotiate or cancel electricity contracts signed last summer.

The Portland utility signed contracts for this year for up to $262 per MWh from five energy traders. The utility claims that the prices are unfair and therefore illegal.

The Federal Energy Regulatory Commission placed a $92 per MWh cap on electricity prices in the region on June 19 last year, just days after some of PacifiCorp's contracts were signed. Current prices in the area are less than $40 per MWh.

FERC will appoint a judge to the case by the middle of July, and the companies will be given 30 days to settle disputes. PacifiCorp wants to cancel or renegotiate contracts with Reliant Resources Inc., Morgan Stanley Capital Group Inc., Williams Cos Inc., Enron Corp., and El Paso Corp.

The contracts in question involve electricity to be transmitted between July 1 and September 30 of this year.

Scottish Power Plc. owns the Portland-based utility.
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