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XGS Energy and Meta Announce Agreement on Advanced Geothermal Project in New Mexico

LCG, June 13, 2025--XGS Energy, Inc. (XGS) and Meta Platforms, Inc (Meta) yesterday announced an agreement to support the development of a next-generation, geothermal energy project that will provide clean power to Meta’s data centers in New Mexico.

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AES Announces Construction Complete on 1,000-MW, Solar-Plus-Storage Project in California

LCG, June 11, 2025--The AES Corporation (AES) announced today that it has completed construction of the 1,000 MW Bellefield 1 project, which is under a 15-year contract with Amazon. Bellefield is a two-phase project, with each phase including 500 MW of solar plus 500 MW of a four-hour, battery energy storage system (BESS). When Phase II is completed in 2026, the total installed capacity will be 2,000 MW, and AES expects the total project will be the largest solar-plus-storage facility in the United States.

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Industry News

Wisconsin Public Service Drops Customer Choice

LCG, Feb. 22, 2001WPS Resources Corp. said yesterday its regulated utility subsidiary Wisconsin Public Service Co. has withdrawn its electric customer choice program because events in California have clouded electric industry deregulation.

The company said it asked the Wisconsin Public Service Commission to withdraw the program from consideration. It had been intended to introduce a competitive electric generation marketplace for consumers in a deregulated environment.

WPS chief executive Larry Weyers said "Unfortunately, with California's experiences with electric shortages and high prices, most customers today seem to accept the current system of utilities building and owning electric plant."

WPS said it was still in favor of a competitive marketplace and would make a few changes in the proposal in order to ease shareholder and customer concerns before resubmitting it to the PSC.

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