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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

PG&E Corporation Given Loan Extension on $431 Million

LCG, October 22, 2002-Creditors of PG&E Corporation gave the company its second extension on its debt payments.

PG&E, parent to San Francisco Bay Area utility Pacific Gas & Electric, had been in communication with lenders for months in order to get more time to pay back $431 million in loans.

PG&E Corp. has been settling debts for unregulated affiliate PG&E National Energy Group, which saw its credit rating fall to junk status earlier this month. On Friday Moody's Investors Service downgraded PG&E National Energy Group's status as the company reported $21 million in losses in the third quarter.

PG&E Corp. asserts the extension, which gives the affiliate until November 14 to pay, will give it the liquidity necessary to operate for more than 3 years.

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