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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

Reliant Will Restructure, Change Name

LCG, July 8, 2002--The trading unit of Reliant Energy Inc., Reliant Resources, will become a separate entity, while the parent company will become CenterPoint Energy.

"The companies have different markets, different strategies and different aspirations," said Steve Letbetter, the chairman and chief executive of Reliant Energy. The move represents an attempt to allow the separate businesses better access to capital. Discussions have been ongoing over banks' extending existing credit lines.

The trading unit, Reliant Resources, last week restated $7.8 billion in revenue for the years 1999 through 2001, to offset the inflating effect of round-trip trades, reciprocal trades with other companies in which little or no profits are realized.
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