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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

Dynegy Announces New Agreements to Sell Three Generating Assets

LCG, July 14, 2017--Dynegy Inc. (Dynegy) announced Tuesday that it has reached agreement to sell three of its generating plants for approximately $300 million.

Dynegy reached an agreement to sell its Lee Energy Facility, a 625 MW gas-fired peaking plant located in Illinois and operating in the PJM ComEd region to an affiliate of Rockland Capital. Dynegy will receive $180 million in cash and avoid the incremental capital investment necessary to convert the plant to dual fuel status in order to meet PJM capacity performance obligations.

Dynegy also signed a purchase and sales agreement with Starwood Energy Group Global for two assets totaling $119 million. The two intermediate gas-fired plants are located in Dighton and Milford, Massachusetts and operate in ISO-NE. The two plants have a combined electric generating capacity of 310 MW. The 171-MW Milford plant was one of the generating assets acquired from ENGIE?s United States portfolio in February of this year.

The agreement fulfills the mitigation plan approved by the Federal Energy Regulatory Commission (FERC) regarding Dynegy?s purchase of ENGIE?s US-based asset portfolio. In its December 22, 2016 order, FERC found competitive concerns with respect to the capacity markets in the ComEd Locational Delivery Area (LDA) in PJM and the Southeastern New England (SENE) capacity zone in ISO-NE. Dynegy submitted a mitigation plan to address FERC?s concerns that called for an agreement to sell capacity in SENE within six months of closing.

On Monday, Dynegy announced that it had finalized the sale of two other generating facilities to LS Power for $480 million in cash. Combined with the new transactions, a total of approximately $780 million in aggregate sales proceeds will be used by Dynegy primarily for debt reduction.

The assets sold to LS Power are the Armstrong and Troy Energy Facilities, located in Pennsylvania and Ohio respectively. These facilities operate in PJM and are dual-fueled peaking units. These two facilities were also acquired as part of the ENGIE portfolio acquisition.
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