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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

A Shocker: Enron's Jeff Skilling Resigns

LCG, Aug. 15, 2001--Jeffrey K. Skilling, chief executive for just six months of Enron Corp., unexpectedly resigned yesterday for unspecified personal reasons, leaving Chairman Kenneth Lay to reassume the office he had turned over to Skilling last February.

Under Skilling, Enron has become the energy industry's middleman, providing markets for trading natural gas and electricity. The company has also pioneered in trading of fiber-optic bandwidth and trades in metals and paper. But Enron's market capitalization has been unable to resist broader market forces and has tumbled 50 percent in the past year.

Skilling said yesterday "The company is in great shape and I feel bad that anything I do is construed as something about the company," and Lay chimed in "I can honestly say I never felt better about the company."

More formally, Lay said "We regret Jeff's decision to resign, as he has been a big part of our success for over eleven years. But, we have the strongest and deepest talent we have ever had in the organization, our business is extremely strong, and our growth prospects have never been better."

The decline in Enron's stock has taken place despite growing earnings. The company is large enough to shrug off a failed foray into trading broadband access to the Internet but that venture made news, as did the fact that the company is under investigation by California legislators over alleged price manipulation in that state's power market.

Skilling said yesterday that what he termed a "meltdown" in the broadband business came as a surprise, but he believes the underlying demand is there. He also said the California investigations are unlikely to lead to significant penalties.

It was Skilling, who joined Enron in the 1980s from the consulting firm McKinsey & Co., who put Enron in the trading business. He was working for a McKinsey client, gas pipeline operator InterNorth of Omaha, Neb., helping the company hedge against high contract costs. When InterNorth merged with Houston Natural Gas Co. to form what later became Enron, Skilling came with it, and brought with him his ideas about energy trading.

Skilling said he will continue to serve Enron as a part-time consultant.

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