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DOE Announces Site Selection for Energy Infrastructure and AI Data Centers on Federal Lands

LCG, July 24, 2025--The U.S. Department of Energy (DOE) today announced the next steps in the Trump administration’s plan to accelerate the development of AI infrastructure by using Federal lands to lower energy costs and help power the global AI race, as previously outlined in President Trump’s Executive Orders on Accelerating Federal Permitting of Data Center Infrastructure, Deploying Advanced Nuclear Reactor Technologies for National Security, and Unleashing American Energy.

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Enbridge Announces 600-MW Solar Project in Texas to Power Meta Data Center Operations

LCG, July 22, 2025--Enbridge Inc. (Enbridge) today announced that it has reached a final investment decision on the Clear Fork solar project located near San Antonio, Texas. Meta Platforms, Inc. (Meta), has signed a long-term contract for all of the renewable power generated from the 600-MW project.

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Industry News

Credit Rating of Mirant Cut by Moody's

LCG, Oct. 11, 2002--Mirant's exposure to "weak power markets and a continuing lack of investor and counterparty confidence" were cited by rating service Moody's, which downgraded $6.6 billion worth of Mirant debt to a lower sub-investment grade, "Ba3", from a previously issued junk rating.

The merchant energy supplier has $2.7 billion of debt scheduled to expire in 2004. The rating agency found that the company may find it difficult to refinance the debt, although it currently "appears to have adequate liquidity" based on asset sales. Moody's also found that Mirant's cash flow will be reduced by its smaller generation portfolio, which could pose problems if its borrowing costs increase.

Much of the company's ability to shrink its debt load will depend on more asset sales.
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