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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

Private Equity Firm to Buy Eight Duke Power Plants

LCG, May 5, 2004--Duke Energy has said that it will reduce its ownership of merchant power plants by one-third, completely divesting itself of such plants in the southeastern U.S., after completing a planned sale of eight facilities to a private equity fund.

The sale, to the fund MatlinPatterson Global Opportunities Partners II, brings the total value of asset sales either announced or closed by Duke Energy to approximately $2.5 billion this year. The plants to be sold burn natural gas, are located in Arkansas, Georgia, Kentucky and Mississippi, and have a total capacity of 5,325 megawatts.

The completion of the sale is expected in the third quarter of the year, following the approval of each plant's sale by the Federal Energy Regulatory Commission, and the approval of the deal by the Federal Trade Commission.

The MatlinPatterson fund was started by a former banker with Credit Suisse First Boston, David Matlin, in autumn of 2003. Initially, its investments centered on distressed debt of companies such as MCI, formerly WorldCom. The fund will reportedly acquire the Duke plants for $475 million.
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