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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

Aquila Rating Hovers Around Junk

LCG, Sep. 4, 2002--The revenue earned by Aquila from regulated operations may not be high enough to enable it to meet its obligations, make capital expenditures, and issue dividends, according to Moody's Investors Service.

While Moody's downgraded the energy company's debt to junk, Standard & Poor's issued a rating of "BBB-minus," a lower investment grade than the previous "BBB" rating. As a result of the negative outlook, Aquila has had to pay $192 million earlier than it might have otherwise. It has tried to raise capital by selling $1 billion of assets, and had earlier cut its dividend by 42%.

The company president and chief executive, Robert K. Green, said, "We've been preparing to conduct business operations under this possible scenario and will continue to deliver safe, reliable and economical energy to our customers." Aquila, formerly Utilicorp United, is based in Kansas City, Mo.
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