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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

El Paso Will No Longer Trade Energy

LCG, Nov. 8, 2002--El Paso Corp.'s energy-trading portfolio will be liquidated and transferred to another, separately capitalized unit in order to protect the balance sheet and credit of the company.

The central unit's revenue was down compared with the previous year by $336 million, while $96 million worth of contracts valued through mark-to-market accounting had to be removed from revenue. Within two years, El Paso expects it will have completely rid itself of its portfolio, which will go to Travis Energy Services.

El Paso's trading division has received unwanted attention following a ruling by an administrative law judge with the Federal Energy Regulatory Commission that an El Paso pipeline prevented gas from flowing into California, driving up prices of gas and electricity, adding up to an additional $3 billion needed for energy spending.

"While overall earnings were hurt by weak trading and refining results, our core businesses of pipelines, production, midstream, and power produced strong earnings and cash flow in a difficult quarter," William A. Wise, the chairman and chief executive, said in a statement.

El Paso's pipeline business and oil and gas production have seen earnings increase 11% and 5.9% respectively over last year's results. Its field-services unit experienced a loss of $11 million.
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