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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

CA Negotiates $3.5 Billion in Damage Control on Power Contracts

LCG, April 23, 2002-Energy companies have agreed to rewrite contracts, saving California $3.5 billion in long-term power contracts.

Pressured by the energy crisis and shackled to last year's skyrocketing rates, California bought $43 billion in long-term electricity contracts. A third of these agreements were renegotiated, trimming off $3.5 billion after five months of talks between state officials and power companies.

According to state officials, energy companies Calpine and Constellation Energy also will pay $8.5 million in settlements regarding allegations that they charged illegally inflated prices during the power crisis.

The state managed to renegotiate four large Calpine contracts, one contract with Constellation and contracts with Capitol Power, Cabazon and Whitewater Hill, deflating their total of $15 billion to $11.4 billion.

According to Governor Gray Davis's chief counsel Barry Goode, the new contracts utilize stronger language, guaranteeing that new generators will be built. The state will have greater authority to deny grants and even terminate one of the contracts if power companies fail to create sufficient new generation. Calpine will face fines if it does not build new plants, including the proposed Metcalf facility, which is intended to supply Silicon Valley.

As a result of the new contracts, California will no longer demand refunds from Calpine through the Federal Energy Regulatory Commission (FERC). State agencies will not question the contracts' "reasonableness" either. However, Governor Davis plans to continue urging FERC to investigate the possibility that power companies manipulated California's electricity market.

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