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Google and AES Sign Agreements for Co-Located Generation and Data Center in Texas

LCG, February 24, 2026--The AES Corporation (AES) and Google today announced agreements for clean power generation that will be co-located with a new Google data center in Wilbarger County, Texas. The agreements include a 20-year Power Purchase Agreements (PPA) for co-located power generation. These coordinated energy projects and powered land will enable Google to rapidly expand its operations to meet demand for core services, while AES will expand its power generation portfolio.

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Amazon Announces Plans to Invest $12 Billion in Data Center Campuses in Louisiana

LCG, February 23, 2026--Amazon today announced plans to invest $12 billion to develop and construct state-of-the-art data center campuses in northwest Louisiana that will support cloud computing technologies. Amazon is partnering with STACK Infrastructure, the developer and owner of the campuses, to lead the construction and development of the data center facilities. Amazon has already invested in solar energy projects in Louisiana, bringing up to 200 MW of new carbon-free energy onto the grid.

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Industry News

Southern California Edison Nearly Debt-Free

LCG, Mar. 1, 2002--Southern California Edison today is expected to pay out about $5.5 billion, removing debt from the utility's books, and taking care of overdue bills from power suppliers large and small.

The payments would be made partly from $3.4 billion of available cash, and from $400 million collected from ratepayers in the last two months. The utility has been working to secure a loan from investment banks worth $1.6 billion, backed by Edison first mortgage bonds, which are secured by its assets.

In January 2001, Edison went into debt after failing to make payments to suppliers for deliveries in November and December of the year just past. If the payments expected today are carried out, Edison would still not be considered creditworthy. It expects to continue to make up for the difference between its collections from ratepayers and the prices at which it bought power through next year. As part of a settlement of a suit SCE brought against the California Public Utilities Commission last year, the state must maintain higher power rates at least until SCE has recovered the difference in full.

"Payment is contingent on closing the financing, but it is still our intent to make the payments tomorrow," Brian Bennet, vice president of external affairs for Edison International, the company's parent, said.
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