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NextEra Energy and Google Collaborate on Accelerating Nuclear Power Deployment

LCG, October 28, 2025--NextEra Energy and Google yesterday announced two agreements that will help meet growing electricity demand from artificial intelligence (AI) with clean, reliable, 24/7 nuclear power and strengthen the nation's nuclear leadership. First, Google signed a new, 25-year agreement for power generated at the Duane Arnold Energy Center, Iowa's only nuclear power facility. The 601-MW boiling water reactor unit was shut down in 2020 and is expected to commence operations by the first quarter of 2029, pending regulatory approvals to restart the plant.

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Google Announces Gas-fired Broadwing Energy Project with CCS

LCG, October 23, 2025--Google announced today a first-of-its kind agreement to support a natural gas-fired power plant with carbon capture and storage (CCS). The 400-MW Broadwing Energy power project, located in Decatur, Illinois, will capture and permanently store its carbon dioxide (CO2) emissions. By agreeing to buy most of the power it generates, Google is helping get this new, baseload power source built and connected to the regional grid that supports our data centers.

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Industry News

FP&L Asks for 8.7 Percent Residential Rate Hike

LCG, Sept. 22, 2000In an effort to compensate for the soaring price of oil and an increase in natural gas prices, Florida Power & Light Co. has asked regulators for permission to increase the prices it charges customers for electricity.

FP&L said it had file an application yesterday with the Florida Public Service Commission for a fuel cost adjustment rate increase that would boost residential rates by 8.7 percent for two years. The company said it spread the cost increase over two years to lessen the immediate impact on ratepayers, but it did not promise not to come back next year and ask for another increase if its fuel costs keep on rising.

Each year, typically in September or October, Florida utilities adjust the fuel, environmental,purchased power and conservation components of the customer bill to true-up actual expenses for the past year and project expenses for the coming year. The adjustments, once reviewed and approved by the PSC, will appear on customer bills during the following calendar year. FP&L is asking that the increased costs be recovered over two years.

"Our plan includes spreading $518 million in unrecovered fuel expenses over a two-year period,rather than the typical one-year timeframe. This way, we are able to ease some of the impact of these extraordinary increases in fuel costs on our customers," said Paul Evanson, the utility's president.

The 8.7 percent increase will cost the typical FP&L residential customers almost six and a half bucks a month, the company said. And it figures that's all it can get away with. In its announcement, the utility said "As a further effort to lessen the impact of clause adjustments on customer bills, FPL has asked the PSC to spread the cost of a $222.5 million buyout of purchased power contracts with two Palm Beach county power plants over five years and delay the start of recovery from customers until2002."

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