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Matrix Renewables Announces the Commissioning of Pleasant Valley Solar 1

LCG, April 15, 2025--Matrix Renewables announced today the successful commissioning of the Pleasant Valley Solar 1 power generation facility in Ada County, Idaho. The 200-MWac solar facility includes a Power Purchase Agreement (PPA) that was secured through negotiation with Meta and Idaho Power. Matrix Renewables states the facility is the largest operational solar facility in Idaho Power's system. Sundt Renewables, the Engineering, Procurement, and Construction (EPC) services provider, completed construction of the project on March 2nd.

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Duke Energy Seeks to Extend Operating License for Robinson Nuclear Plant

LCG, April 9, 2025--Duke Energy announced yesterday its submission of a subsequent license renewal (SLR) application to the U.S. Nuclear Regulatory Commission (NRC) for the Robinson Nuclear Plant, a 759-MW nuclear unit located near Hartsville, South Carolina. The application requests extending the plant's operations for an additional 20 years.

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Industry News

Reliant to Spin Off Unregulated Businesses

LCG, Oct. 18, 2000--Reliant Energy Inc. said yesterday that its wholly owned subsidiary Reliant Resources Inc. has filed a registration statement with the Securities and Exchange Commission for the initial public offering of Reliant Resources common stock.

In the filing, Reliant said it expects to realize up to $1.3 billion in the public offering. The net proceeds will be used for general corporate purposes including the development of generating facilities, acquisitions and the repayment or refinancing of indebtedness, the company said.

Reliant Resources is the vehicle for the parent company's unregulated businesses, which include power plants and energy trading, marketing and risk management operations.

In notes along with the filing, Reliant Resources said "We intend to become a provider of retail electric services in Texas when the market opens to retail competition in Jan. 2002 and in other U.S. markets with favorable regulatory structures and profit opportunities thereafter."

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