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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

Allegheny Stock Plummets after Company Defaults

LCG, October 8, 2002-Energy company Allegheny saw its stock price drop by over fifty percent after it neglected to give an additional $60 million in collateral.

When Moody's Investors Service withdrew the company's investment-grade credit rating, banks demanded that Allegheny post supplementary collateral to trading counterparties. Allegheny may possibly offer up assets as collateral, although this practice may be legally questionable because of state regulatory agencies' policies, and banks may find energy assets unworthy because of the current state of the electricity market.

The company has not referred to specific figures but maintains that it has sufficient funds to operate. Allegheny is currently discussing the possibility of waivers and additional funding with its creditors in order to avoid seeking bankruptcy protection.

Some energy traders have bought back electricity that was sold to Allegheny in order to resell it to more credit-worthy buyers.

Shares hit a 52-week low of $3.25 and are trading at $4.15 on volume of 10.9 million shares, as compared with a daily average volume of 2.4 million and a 200-day stock price average of $30.19.

Meanwhile, the company has been pursued by those interested in a takeover; Virginia-based Dominion Resources presented two takeover offers this year, the latest being $22 to $24 per share in an all-stock agreement, but Allegheny refused. Constellation Energy Group has also expressed interest in a takeover.

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