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Brookfield and Google Sign Nationwide Hydro Framework Agreement to Deliver up to 3,000 MW of Carbon-Free Hydro Power

LCG, July 16, 2025--Brookfield Asset Management (BAM), together with Brookfield Renewable (Brookfield) and Google yesterday announced a first-of-its-kind Hydro Framework Agreement (HFA) to deliver up to 3,000 MW of carbon-free hydroelectric capacity across the nation

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The Frontier Group of Companies Announces Plans to Convert Retired 2.7-GW Coal-fired Plant into 3.6-GW Natural Gas-fired Facility in Pennsylvania

LCG, July 15, 2025--The Frontier Group of Companies (“FGC”), owner and developer of the 660-acre Shippingport Industrial Park in Pennsylvania, today announced that it will convert the former coal-fired Bruce Mansfield Power Plant, which was closed in 2019, into a significantly larger, state-of-the-art, natural gas-fired power generation facility with greater on-site generation capacity. FGC has also secured a partner to build a co-located data center facility to support America’s demand for AI infrastructure.

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Industry News

Calpine Cuts Plant Development In 2002

LCG, Jan. 16, 2002--Calpine Corp. announced that it will not proceed this year with 34 power projects that have reached advanced-stage development, while 27 projects now under construction will move towards completion.

By curtailing the projects, the San Jose, Ca.-based company will wait for market prices to recover, and manage its debt load. The move reduces planned capital spending by nearly $2 billion, according to Calpine.

When market conditions improve, Calpine plans to expand its generation portfolio. "While 2002 will be a challenging year for the entire power industry, we believe the underlying, long-term growth in electricity demand, the historic swiftness with which power demand recovers in the wake of a recession, and the recent decisions by many of our competitors to curtail new plant construction wil all work to Calpine's favor," the company said.

Rating agencies Moody's and Standard & Poor's have considered the company to have an unfavorably high level of debt, and had rated its bonds below investment-grade in December of last year.

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