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FERC Releases the 2025 Summer Assessment for Energy Markets and Electric Reliability

LCG, May 15, 2025--The Federal Energy Regulatory Commission (FERC) announced today the release of the staff’s 2025 Summer Assessment on the outlook for energy markets and electric reliability during the June to September time frame.

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NRC Accepts Construction Permit Application for Dow's Advanced X-energy SMR Project in Texas

LCG, May 14, 2025--The U.S. Nuclear Regulatory Commission (NRC) accepted Dow's construction permit application to build X-energy Reactor Company, LLC's ("X-energy") first small modular reactor (SMR) plant to power a chemical facility in Seadrift, Texas. Dow's wholly-owned subsidiary, Long Mott Energy LLC, is developing the project to provide Dow's UCC1 Seadrift Operations manufacturing site with safe, reliable, and clean power and industrial steam to replace existing energy and steam assets that are approaching end-of-life. The project is part of a demonstration project supported by the U.S. Department of Energy (DOE) and, if approved, would be the first advanced nuclear facility at an industrial site in the United States.

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Industry News

Trans-Elect Files Application for Atlantic Wind Connection Project

LCG, December 22, 2010--Trans-Elect filed on Monday with the Federal Energy Regulatory Commission (FERC) for approval to construct an off-shore, electric transmission project along the Mid-Atlantic coast from New Jersey to Virginia to connect off-shore wind farms to the transmission grid.

Trans-Elect, the developer, estimates the project cost to be approximately $5 billion. The target schedule for the project is to receive regulatory approvals and project funding by 2013. Construction could then commence, with the first phase of construction completed in 2016 and the entire, 350-mile project completed by 2020.

As proposed, the project will connect 6,000 MW of offshore wind turbines to the existing transmission grid at four interconnection sites, ranging from near Norfolk, Virginia up to Delaware, plus interconnections in southern and northern New Jersey.

The project will employ High Voltage Direct Current (HVDC) technology to create the off-shore, transmission backbone. The project is designed to be scalable so that it can be expanded to receive energy from additional off-shore wind projects.

Trans-Elect requested a return on equity of 13.58 percent.

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