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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

First Energy Gets Final Okay for GPU Takeover

LCG, Oct. 30,2001--First Energy Corp. of Ohio said yesterday it had received approval from the Securities and Exchange Commission for its pending takeover of New Jersey-based GPU Inc., a merger that will create the nation's fourth largest investor-owned electric utility.

First Energy said it will begin combined operations of both companies on November 7.

Chief executive H. Peter Burg said the company "will be even better positioned to provide customers with reliable and affordable electricity and a variety of energy-related services."

The company also announced details for exchange of stock by GPU shareholders who will get cash, or a combination of cash and stock, or stock for their shares, depending on what they elect and on a complicated formula related to the closing price of First Energy common stock over a 20-day period.

GPU shareholders were reminded that they had only until 5 p.m., Eastern Standard Time, to make their election.

The combined companies will have annual revenues of more than $12 billion and electricity sales of about 124 billion kilowatt-hours to some 4.3 million customers in a service territory stretching from the Ohio-Indiana border to the New Jersey shore.

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