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AES and Meta Announce PPAs to Provide 650 MW of Solar Capacity for Data Centers

LCG, May 22, 2025--The AES Corporation (AES) yesterday announced that it has entered into two, long-term Power Purchase Agreements (PPA) to support Meta's data centers with 650 MW of solar capacity from two AES projects that will be starting operation in the Southwest Power Pool (SPP). AES expects these two solar projects will provide economic benefits to communities in Texas and Kansas, including hundreds of new construction jobs and contributing millions in long-term tax revenue.

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TVA Submits First Construction Permit Application for SMR at Clinch River Site

LCG, May 21, 2025--The Tennessee Valley Authority (TVA) announced yesterday that it is the first utility in the U.S. to submit a construction permit application (CPA) for the GE Vernova Hitachi Nuclear Energy (GVH) small modular reactor (SMR) BWRX-300 technology to the U.S. Nuclear Regulatory Commission (NRC). The application is TVA's next step in pursuing an SMR at its Clinch River site, near Oak Ridge, Tennessee. Preliminary SMR site preparation could begin as soon as 2026.

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Industry News

PNM Says Kansas Demands Could Scotch Western Resources Deal

LCG, July 27, 2001--Demands by the Kansas Corporation Commission for rate cuts could scotch plans by Public Service Co. of New Mexico to acquire two utilities from Western Resources Inc., the companies said yesterday.

Last year, PNM agreed to pay $1.5 billion in an all-stock deal to purchase two regulated utility operations of Western Resources, Kansas Power & Light Co. and Kansas Gas & Electric Co. The two utilities serve more than 630,000 customers in the Sunflower State.

Though Western Resources had asked Kansas regulators for a $150 million rate increase, the KCC voted instead to raise those rates by $22 million.

Also, last Friday, the KCC found that Western Resources' plan to restructure by splitting off its regulated utility business from its unregulated businesses would harm its electric operations.

David Wittig, chief executive of Western Resources, was hopeful. "We believe that we understand the KCC's concerns with the current transaction and are hopeful that we can reach agreement with PNM on alternative terms that will permit the transaction to move forward and provide the benefits that we believe the combination will bring to our customers and shareholders," he said.

But Jeff Sterba, his counterpart at PNM was less so. "PNM doesn't believe that the split-off and other transactions envisioned in our merger agreement with Western Resources can be accomplished on the agreed terms if the KCC's orders remain in effect," he fretted.

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