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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

PSEG Global Bid Wins Peru's Electroandes

LCG, July 24, 2001Public Service Enterprise Group Inc. subsidiary PSEG Global said yesterday its offer of $227.1 million was the winning bid in an auction of Peru's sixth-largest electricity generator, Empresa de Electricidad de los Andes S.A.

PSEG will also invest $17.5 million in the company over the next five years, a condition of the bidding.

Electroandes' owns four hydroelectric installations with 183 megawatts of capacity, about 6 percent of Peru's total, and 460 miles of transmission lines located in the Central Andean region, northeast of the capital city of Lima.

"This purchase diversifies our portfolio into hydroelectric generation and is consistent with ourcorporate strategy of building sustainable businesses in carefully selected markets that provide strongearnings growth and create synergies with existing investments," Robert L. Logan, president of PSEG Americas, the company's Latin America subsidiary, said in a statement.

Up to 40 percent of Electroandes has been reserved for employees and the firm's largest customer, who would pay the same price as PSEG Global and have 10 days to exercise their options. Employees can purchase up to 10 percent of Electroandes and the customer, U.S.-owned Doe Run Peru, a copper mining company, can buy 30 percent.

The acquisition of a controlling interest in Electroandes, together with PSEG Global's 44 percent stake in electricity distributor Luz del Sur, makes the U.S. company the largest foreign investor in Peru, PSEG said.

Logan said "PSEG Global has confidence in the Peruvian system, and we look forward to working with local officials, Electroandes' employees and our customers to build a strong partnership for the future."

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