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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

Initiative Would Have Montana Buy Back Hydro

LCG, Sep. 4, 2002--An initiative to be on the Montana ballot later this year will ask whether the state should enter into a process by which it could buy twelve hydroelectric dams under private ownership, through negotiation or possibly by condemning them.

The reason given by campaigners for the initiative is that power prices have risen more than they would have under a regulated utility. Rates were previously relatively low compared to rates in other states. Deregulation was enacted in 1997, when the regulated utility, Montana Power, pushed for deregulation, and projected lower prices for customers following divestiture of its assets.

Residential rates were frozen until this summer, but have begun to rise. Montana Power has transformed itself into an internet service provider, Touch America, while its market capitalization is 10 percent of its former value. Surveys by the current owners of the dams in question, including PPL Corporation and Avista, have found that while residents are skeptical of the merits of deregulation, they are also wary of condemning private assets.
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