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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

FERC Okays PG&E Plan to Protect Non-utility Assets

LCG, Jan. 15, 2001The Federal Energy Regulatory Commission has approved a plan by PG&E Corp. to make changes in its corporate structure which would shield the bulk of its assets from the credit problems of its Pacific Gas & Electric Co. subsidiary, the Wall Street Journal reported this morning in its on-line edition.

The paper said there were no challenges to the proposal which was announced in a public notice issued on December 28. Consumer advocates said they were unaware that PG&E had made the filing with FERC.

Mike Florio, a lawyer with TURN (The Utility Reform Network, ne Toward Utility Rate Normalization), said he was "astonished" that FERC had approved the company's request without consulting the California Public Utilities Commission.

Alan Glover, the company's bankruptcy attorney, said the idea of the restructuring is "to protect the equity value" of the nonutility parts of PG&E Corp. "so they have independent credit vitality." He said the reorganization was a "neutral act" for utility creditors.

The plan calls for PG&E Corp. to set up a new company that will hold all of the parent corporation's nonutility assets. PG&E Corp. would appoint a seven-member board of control and received all of the new entity's profits.

Credit rating firm Standard & Poor's reacted favorably to FERC's action, noting that the new structure would "ring-fence" PG&E Corp.'s unregulated power trading and merchant power subsidiaries in the event of bankruptcy being forced upon Pacific Gas & Electric.

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