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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

UBS Warburg to Reduce Trading, Leave Houston

LCG, Dec. 11, 2002--The energy trading operations of UBS Warburg Energy, a unit of Swiss investment bank UBS Warburg, will be reduced through layoffs of three-quarters of the company's Houston staff, following the cessation of trading through its online platform.

UBS Warburg's energy trading staff in Houston, which will become 90 from the present level of 380, will be brought to Stamford, Connecticut, while the Houston office will be closed. The bank has about 3,000 staff in Stamford currently. The changes are expected to be finalized by the first quarter of 2003. Ongoing trading will be conducted by telephone, a spokeswoman said.

Much of the trading operations, including the online trading platform UBSWEnergy.com, were acquired from bankrupt Enron Corp. with the understanding that 33 percent of any profits would go to Enron. The unit has been run by Enron's former president and chief operating officer, Lawrence "Greg" Whalley. UBS Warburg would not comment on Whalley's future, which is made uncertain by his being named a defendant in lawsuits against Enron.
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