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NextEra Energy and Google Collaborate on Accelerating Nuclear Power Deployment

LCG, October 28, 2025--NextEra Energy and Google yesterday announced two agreements that will help meet growing electricity demand from artificial intelligence (AI) with clean, reliable, 24/7 nuclear power and strengthen the nation's nuclear leadership. First, Google signed a new, 25-year agreement for power generated at the Duane Arnold Energy Center, Iowa's only nuclear power facility. The 601-MW boiling water reactor unit was shut down in 2020 and is expected to commence operations by the first quarter of 2029, pending regulatory approvals to restart the plant.

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Google Announces Gas-fired Broadwing Energy Project with CCS

LCG, October 23, 2025--Google announced today a first-of-its kind agreement to support a natural gas-fired power plant with carbon capture and storage (CCS). The 400-MW Broadwing Energy power project, located in Decatur, Illinois, will capture and permanently store its carbon dioxide (CO2) emissions. By agreeing to buy most of the power it generates, Google is helping get this new, baseload power source built and connected to the regional grid that supports our data centers.

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Industry News

PSEG Global Bid Wins Peru's Electroandes

LCG, July 24, 2001Public Service Enterprise Group Inc. subsidiary PSEG Global said yesterday its offer of $227.1 million was the winning bid in an auction of Peru's sixth-largest electricity generator, Empresa de Electricidad de los Andes S.A.

PSEG will also invest $17.5 million in the company over the next five years, a condition of the bidding.

Electroandes' owns four hydroelectric installations with 183 megawatts of capacity, about 6 percent of Peru's total, and 460 miles of transmission lines located in the Central Andean region, northeast of the capital city of Lima.

"This purchase diversifies our portfolio into hydroelectric generation and is consistent with ourcorporate strategy of building sustainable businesses in carefully selected markets that provide strongearnings growth and create synergies with existing investments," Robert L. Logan, president of PSEG Americas, the company's Latin America subsidiary, said in a statement.

Up to 40 percent of Electroandes has been reserved for employees and the firm's largest customer, who would pay the same price as PSEG Global and have 10 days to exercise their options. Employees can purchase up to 10 percent of Electroandes and the customer, U.S.-owned Doe Run Peru, a copper mining company, can buy 30 percent.

The acquisition of a controlling interest in Electroandes, together with PSEG Global's 44 percent stake in electricity distributor Luz del Sur, makes the U.S. company the largest foreign investor in Peru, PSEG said.

Logan said "PSEG Global has confidence in the Peruvian system, and we look forward to working with local officials, Electroandes' employees and our customers to build a strong partnership for the future."

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