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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

Enron Seeks Monopoly Exemption for Portland Utility

LCG, Oct. 7, 2002--Bankrupt Enron Corp., which owns the utility Portland General Electric (PGE) in the state of Oregon, has sought to have the utility made exempt from decades-old Public Utility Holding Company Act legislation barring monopolies.

Companies that conduct business in a single state may apply for such an exemption. A hearing will be conducted by the Securities and Exchange Commission on whether PGE meets this requirement.

One area to be examined is Portland General's 20-percent ownership of the Pacific Northwest Intertie, across which power flows between Oregon and California. The agency will try to determine how much revenue PGE earns from power deliveries at the Mid-Columbia trading hub.

Enron has put the utility up for sale, and a deadline for bids is set for November.
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