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XGS Energy and Meta Announce Agreement on Advanced Geothermal Project in New Mexico

LCG, June 13, 2025--XGS Energy, Inc. (XGS) and Meta Platforms, Inc (Meta) yesterday announced an agreement to support the development of a next-generation, geothermal energy project that will provide clean power to Meta’s data centers in New Mexico.

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AES Announces Construction Complete on 1,000-MW, Solar-Plus-Storage Project in California

LCG, June 11, 2025--The AES Corporation (AES) announced today that it has completed construction of the 1,000 MW Bellefield 1 project, which is under a 15-year contract with Amazon. Bellefield is a two-phase project, with each phase including 500 MW of solar plus 500 MW of a four-hour, battery energy storage system (BESS). When Phase II is completed in 2026, the total installed capacity will be 2,000 MW, and AES expects the total project will be the largest solar-plus-storage facility in the United States.

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Industry News

Atmos to Acquire Mississippi Valley Gas

LCG, Sept. 25, 2001-- Atmos Energy Corp. said yesterday it has signed a definitive agreement to acquire Mississippi Valley Gas Company, a privately held natural gas utility, for $150 million, half in cash and half in stock. Atmos also will assume outstanding debt of approximately $45 million.

Mississippi Valley Gas, based in Jackson, Miss., is the state's largest gas utility, serving about 261,500 customers. Residential customers account for 89 percent of the utility's customer base and for 46 percent of its revenues. Jackson is the largest urban area served.

The company operates a 5,500-mile distribution system and 335 miles of transmission pipeline. It also owns two underground gas storage facilities in northeast Mississippi, with a combined working gas capacity of 2.05 billion cubic feet.

"Mississippi Valley Gas will fit well into the growing Atmos system," said Robert W. Best, Atmos chief executive. "By expanding into Mississippi, Atmos will enhance its position in the Southeastern United States and will gain the advantages of a strong operating utility, additional gas-storage facilities and the goodwill from Mississippi Valley Gas' reputation for providing excellent customer service."

Mississippi Valley Gas will continue to operate as a separate Atmos subsidiary and will keep its Jackson headquarters, the company said.

"As a result of successfully acquiring companies like Mississippi Valley Gas," Best said, "Atmos has more than doubled in size during the past four years. We are proud of our record of not only adding profitable assets to our utility system, but also maintaining our customers' trust and satisfaction."

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