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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

California Reviews Bids to Provide Long-term Power

LCG, Jan. 23, 2001The California Department of Water Resources began this morning to accept sealed bids for mid- to long-term electricity contracts. The "auction," announced yesterday by Gov. Gray Davis, began at 9:00 a.m. this morning and will run until noon tomorrow.

In a news release yesterday, Davis said that bids will be accepted for power delivery over six-month, three-year, five-year and 10-year periods. The statement did not say when successful bids would be announced.

"I expect these bids on long term energy contracts should stabilize the market and drive the price ofelectricity down," Davis said in the statement. "This is a key step in our efforts keep the lights on in California at a reasonable price."

Prices for power under mid- and long-term contract is expected to be substantially lower than the prices paid by Pacific Gas & Electric Co. and Southern California Edison Co. on the spot market they were forced to use by California's electric restructuring law.

The two utilities, having exhausted their financial resources subsidizing the low retail electricity prices imposed by the law, are no longer able to purchase power for their customers. Last week, Davis named the Department of Water Resources to run a $400 million emergency power purchase plan to take up the slack.

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