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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

More Sarbanes-Oxley Rules Up for Discussion

LCG, January 2, 2003-The SEC intends to discuss additional rules under the already-passed Sarbanes-Oxley legislation, aimed at limiting the liability of companies not in compliance.

The Sarbanes-Oxley law, which was enacted on July 30, 2002, requires companies to have an independent audit committee and procedures for dealing with complaints over accounting.

The Securities and Exchange Commission will consider additional rules within Sarbanes-Oxley at a January 8 meeting. The Commission will discuss setting up guidelines regarding the listing of companies who fail to comply with the Sarbanes-Oxley law. The SEC may decide to prohibit the public listing of such companies.

The SEC is required to have such rules regarding public companies within 270 days of the law's adoption.

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