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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

CPUC to Ask PG&E Bankruptcy Court to Throw Out Votes

LCG, August 6, 2002-The California Public Utilities Commission will request the bankruptcy court responsible for the PG&E utility to discard votes made by the utility's creditors.

Last year the California utility declared bankruptcy. In order to repay over $13 billion in debts and restore the utility's credit rating, two plans were created. The Public Utilities Commission submitted a plan calling for the utility to remain within state control and pay its debt by way of bonds, stocks, and already available money. PG&E's plan involved splitting up the utility's assets into four parts and transferring three of them out of the state's control as unregulated companies.

Federal Bankruptcy Judge Dennis Montali ruled that creditors to the utility could submit votes as to which plan was favorable. These votes would be taken into consideration when the Judge made his decision.

The state regulators argue, however, that there have been serious and unfair publicity efforts against the PUC's plan.

In any case, creditors' votes are due by August 12.

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