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FERC Releases the 2025 Summer Assessment for Energy Markets and Electric Reliability

LCG, May 15, 2025--The Federal Energy Regulatory Commission (FERC) announced today the release of the staff’s 2025 Summer Assessment on the outlook for energy markets and electric reliability during the June to September time frame.

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NRC Accepts Construction Permit Application for Dow's Advanced X-energy SMR Project in Texas

LCG, May 14, 2025--The U.S. Nuclear Regulatory Commission (NRC) accepted Dow's construction permit application to build X-energy Reactor Company, LLC's ("X-energy") first small modular reactor (SMR) plant to power a chemical facility in Seadrift, Texas. Dow's wholly-owned subsidiary, Long Mott Energy LLC, is developing the project to provide Dow's UCC1 Seadrift Operations manufacturing site with safe, reliable, and clean power and industrial steam to replace existing energy and steam assets that are approaching end-of-life. The project is part of a demonstration project supported by the U.S. Department of Energy (DOE) and, if approved, would be the first advanced nuclear facility at an industrial site in the United States.

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Industry News

Bush Takes U.S. Out of Global Warming Accords

LCG, June 12, 2001President Bush said yesterday that the 1997 Kyoto global warming accords were "fatally flawed," added that more and better scientific research was needed and unilaterally took the United States out of the agreement which was signed by President Clinton.

At a news conference held in the White House Rose Garden, Bush said the Kyoto agreement is based on inconclusive scientific evidence and, by exempting nations that account for most of the emissions of so-called "greenhouse gases," sets unattainable goals for the world's developed countries.

Bush complained that "No one can say with any certainty what constitutes a dangerous level of warming and therefore what level must be avoided." Referring to "developing" countries, which include some of the world's largest economies, such as those in China and India, the president said "We recognize the responsibility to reduce our emissions. We also recognize the other part of the story, that the rest of the world emits 80 percent of all greenhouse gases, and many of those emissions come from developing countries."

Bush promised that the U.S. would contribute $25 million toward the development of climate observation facilities in developing countries. He also directed Commerce Secretary Don Evans to review priorities for climate change research and promised to fully fund those priorities.

"The president is helping to lead the world out of the Kyoto quagmire and toward an effective global response to this complex challenge," said Glenn Kelly, executive director of the Global Climate Coalition, which represents a broad range of businesses interested in the global warming issue.

But the president's unequivocal rejection of the Kyoto accords was attached by environmental groups that believe that the U.S., which produces a fifth of the world's greenhouse gases, has leadership responsibility in preventing global warming.

The earth has been getting warmer at an uneven rate since the end of the last ice age.

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