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NextEra Energy and Google Collaborate on Accelerating Nuclear Power Deployment

LCG, October 28, 2025--NextEra Energy and Google yesterday announced two agreements that will help meet growing electricity demand from artificial intelligence (AI) with clean, reliable, 24/7 nuclear power and strengthen the nation's nuclear leadership. First, Google signed a new, 25-year agreement for power generated at the Duane Arnold Energy Center, Iowa's only nuclear power facility. The 601-MW boiling water reactor unit was shut down in 2020 and is expected to commence operations by the first quarter of 2029, pending regulatory approvals to restart the plant.

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Google Announces Gas-fired Broadwing Energy Project with CCS

LCG, October 23, 2025--Google announced today a first-of-its kind agreement to support a natural gas-fired power plant with carbon capture and storage (CCS). The 400-MW Broadwing Energy power project, located in Decatur, Illinois, will capture and permanently store its carbon dioxide (CO2) emissions. By agreeing to buy most of the power it generates, Google is helping get this new, baseload power source built and connected to the regional grid that supports our data centers.

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Industry News

El Paso Electric Agrees to Refunds Related to Manipulation

LCG, Dec. 6, 2002--An investigation by the Federal Energy Regulatory Commission into transactions involving utility El Paso Electric's generation portfolio has resulted in the company stating that it was connected with Enron Corp.'s efforts to distort the California electricity market.

According to a document exchanged between company attorneys and FERC trial lawyers, El Paso Electric stated that Enron used the utility's assets to carry out manipulation schemes, such as "Fat Boy", and possibly "Ricochet." As part of a proposed settlement, El Paso Electric would pay $14 million in refunds and discontinue trading of wholesale power at market rates for two years. The company, which owns generating plants in west Texas and southern New Mexico, is not connected with El Paso Corp., a larger, natural gas firm.

The settlement may be rejected or modified, subject to the response of an administrative law judge and FERC representatives. The case has implications for ongoing investigations by California. Gov. Gray Davis' deputy legal affairs secretary, William Kissinger, said "We can't judge whether this is a slap on the wrist or a pinch or something more than that. It's a black box."

Enron and El Paso's business dealings gained in significance in 1997, when Enron essentially took control of the utility's trading arm. While the utility provided only 0.3 percent of needed wholesale power to the California Independent System Operator, Enron may have exacerbated the energy crisis of 2000 and 2001 by having power available, although unsold or "parked", until it decided to offer power to the desperate ISO at much higher rates. Other companies with previous ties to Enron are being investigated for what may be similar dealings.
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