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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 Market Post-Memo Investigations Intensify

LCG, May 8, 2002-After yesterday's Enron memo release, regulators and legislators have stepped up efforts to find out exactly what happened to California's energy market in 2000 and 2001.

Yesterday, Federal Energy Regulatory Commission (FERC) released Enron memos linking the California energy crisis of 2000/2001 to intentional market manipulation, including phony congestion and the bypassing of state price caps by selling electricity out of state.

FERC strengthened its efforts, ordering all electricity traders to keep and preserve any existing records relevant to strategy in 2000/2001.

The White House asserted its support of "vigorous" investigation to protect consumers, although specific comment relating to the documents in question was avoided. Previously, during the energy crisis, President Bush and Vice President Dick Cheney refused to help California because the state's problems were, according to them, related to limited supply and not deserving of price caps.

Additionally, the U.S. Securities and Exchange Commission has formalized its investigation of Dynegy Inc., which is involved with deregulated electricity and was a rival to Enron. The company, which posted a $140 million net loss for the first quarter, has agreed to cooperate with securities regulators in their investigation. Dynegy backed out of a $9 billion Enron acquisition last November and has been facing shareholder lawsuits and plummeting stock prices.

U.S. Senator Dianne Feinstein has requested the U.S. Attorney General John Ashcroft to initiate a criminal investigation regarding the released memos.

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