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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

Water Authority to Bid for Nevada Power

LCG, Aug. 23, 2002--Nevada Power, which has seen its credit rating fall into junk territory after its last rate case was rejected, has said it received a letter from the Southern Nevada Water Authority (SNWA) indicating an offer to buy the power utility is forthcoming.

The Southern Nevada Water Authority has a high-quality credit rating, and has engaged Morgan Stanley & Co. to assist in developing a planned $1.2 billion bid. SNWA says that not only would it be able to refinance $2 billion of the power utility's debt, but that it could lower rates for power customers by 20 percent. About half of the recent $922 million rate increase that was sought by Nevada Power was granted, while the rest was declared to have been incurred imprudently. Much of Nevada Power's debt resulted when it bought expensive power on the spot market in 2001.

The SNWA serves nearly the same customers as Nevada Power. "If they can solve this and provide a huge reduction in rates to the customers, then the governor's going to be doing cartwheels," Ronald Tanner, an analyst with Legg Mason, told Reuters.
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