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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 Approves Louis Dreyfus to Trade Electricity

LCG, Oct. 14, 2002--The privately owned bank Louis Dreyfus received approval this month from the Federal Energy Regulatory Commission (FERC) after it sought to trade electric power and ancillary services.

Dreyfus trades commodities in over 50 countries, and applied in July with FERC to trade power in the United States. Among the ancillary services Dreyfus intends to offer are imbalance and spinning reserves within the PJM Interconnection, as well as through New York Independent System Operator (ISO), New England Power Pool and the California ISO. Spinning reserves are called upon when either an unexpected loss of generating capacity or a quick increase in demand necessitates that a running generator provide additional power.

A business unit of Dreyfus, Louis Dreyfus Electric Power Inc. has had approval to trade power since 1992. Rather than use the approval granted to that unit, the company decided for "business, commerical and corporate reasons" to create Louis Dreyfus Energy LLC.

As a condition of Dreyfus' ability to trade, it may need to submit reports to the FERC to show "that neither public nor private interests will be adversely affected by continued approval of Louis Dreyfus Energy's issuances of securities or assumptions of liability."
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