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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

Colorado PUC Receives 21% Aquila Rate Increase Application

LCG, Oct. 21, 2002--Aquila, citing negative returns over the last few years, has filed a rate application with the Colorado Public Utilities Commission (PUC) which would raise base rates 21.8% if approved.

Most of the power provided by Aquila to towns in southern Colorado is purchased from Xcel, formerly Public Service Company of Colorado. It also produces power at its own Victoria Avenue plant and at another coal-fired facility in Canon City. The PUC, which is not required to hold hearings, is expected to schedule them due to the size of the requested increase.

"The company's base electric rates have remained constant during the past 18 years, while inflation has increased general costs by a cumulative 73 percent," said Gary Stone, vice president of Aquila's Colorado operations. The last rate filing by the company was in 1984, when the corporate entity was known as Centel. Centel was purchased by UtiliCorp United in 1991, before the company assumed its current name.

A rate application such as Aquila is submitting is not centered on infrastructure investment, as was typical during the era of vertically integrated utilities, but is based on wholesale market conditions. Aquila has retreated from its speculative energy trading and overseas operations, but still carries sizable debt. Residential customers served by the company, which recently had its debt downgraded to junk status, currently pay 7 cents per kilowatt-hour on average. The impact associated with a 21.8% rate increase would equal about an additional $112.52 per year for a typical Colorado customer.

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