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AES and Meta Announce PPAs to Provide 650 MW of Solar Capacity for Data Centers

LCG, May 22, 2025--The AES Corporation (AES) yesterday announced that it has entered into two, long-term Power Purchase Agreements (PPA) to support Meta's data centers with 650 MW of solar capacity from two AES projects that will be starting operation in the Southwest Power Pool (SPP). AES expects these two solar projects will provide economic benefits to communities in Texas and Kansas, including hundreds of new construction jobs and contributing millions in long-term tax revenue.

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TVA Submits First Construction Permit Application for SMR at Clinch River Site

LCG, May 21, 2025--The Tennessee Valley Authority (TVA) announced yesterday that it is the first utility in the U.S. to submit a construction permit application (CPA) for the GE Vernova Hitachi Nuclear Energy (GVH) small modular reactor (SMR) BWRX-300 technology to the U.S. Nuclear Regulatory Commission (NRC). The application is TVA's next step in pursuing an SMR at its Clinch River site, near Oak Ridge, Tennessee. Preliminary SMR site preparation could begin as soon as 2026.

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Industry News

PG&E to Pay Franchise Fee to Local Governments on Time

LCG, April 3, 2002-PG&E said yesterday that it will pay $145 million in franchise fees to hundreds of counties and cities in its service area, as required by its contracts.

The 2001 franchise fee surcharge has increased by 44 percent over the 2000 charge.

While the utility is still working out its financial situation in bankruptcy court, PG&E chief executive Gordon Smith has proudly announced that the company will fulfill commitments in franchise fees which he says are necessary to support government programs and services.

Franchise fees, a percent of gross receipts, are charged by cities and counties for PG&E's use of public streets.

Cities and counties with March 31 deadlines have been paid, and those with April 15th deadlines will be paid on time, according to PG&E.

Creditors of PG&E will vote on plans regarding PG&E's $13.2 billion debt later this year.

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