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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 Bankruptcy Judge Orders Reorganization Settlement Talks

LCG, Mar. 5, 2003--U.S. Bankruptcy Judge Dennis Montali stated in an order to utility Pacific Gas & Electric and the California Public Utilities Commission that while "the court is quite aware of the philosophical differences that separate (Pacific Gas) from CPUC ," representatives of each party would need to begin settlement talks concerning PG&E's emergence from bankruptcy.

Judge Randall Newsome will discuss prospects for negotiation with PG&E and the CPUC and recommend whether the effort should be pursued. Montali wrote, "While a prior mediation was unsuccessful, there is little to be lost, and potentially much to be gained, by ordering a judicially supervised settlement conference." PG&E will obey the order, according to spokesman Ron Low. The CPUC spokeswoman Sheri Inouye said, "We see this as a very positive development."

One of the most significant issues separating the PG&E and CPUC reorganization plans is how creditors of the utility are to be paid. PG&E wants to issue more equity than it had earlier proposed, up to $700 million worth, but less debt, with the option to issue secured debt. The CPUC plan would use debt and equity as well as higher retail rates, and runs counter to PG&E's plan to shift ownership of company assets to a set of new companies not regulated by the state.
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