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Google and AES Sign Agreements for Co-Located Generation and Data Center in Texas

LCG, February 24, 2026--The AES Corporation (AES) and Google today announced agreements for clean power generation that will be co-located with a new Google data center in Wilbarger County, Texas. The agreements include a 20-year Power Purchase Agreements (PPA) for co-located power generation. These coordinated energy projects and powered land will enable Google to rapidly expand its operations to meet demand for core services, while AES will expand its power generation portfolio.

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Amazon Announces Plans to Invest $12 Billion in Data Center Campuses in Louisiana

LCG, February 23, 2026--Amazon today announced plans to invest $12 billion to develop and construct state-of-the-art data center campuses in northwest Louisiana that will support cloud computing technologies. Amazon is partnering with STACK Infrastructure, the developer and owner of the campuses, to lead the construction and development of the data center facilities. Amazon has already invested in solar energy projects in Louisiana, bringing up to 200 MW of new carbon-free energy onto the grid.

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Industry News

Reliant Resources Chief Executive Departs

LCG, Apr. 14, 2003--The executive responsible for the transition of Reliant Energy into the era of deregulation and the direction of merchant developer and energy trading spin-off Reliant Resources, Steve Letbetter, has resigned from his positions as chief executive and chairman, the company announced late on Sunday.

Reliant Resources, in discussions with banks in March, managed to make a deal for $6.2 billion worth of financing, and stave off a possible bankruptcy filing. The deregulated company has experienced troubles connected with false reporting of energy trades, and has been the subject of investigations into its trading. While Reliant Resources takes steps to name a new chairman, board member Joel Staff will serve as chairman and chief executive for the duration of the search.

Reliant disclosed in 2002 that its revenues had been inflated by round-trip trades, and last year revised revenues for three years, for a total reduction of approximately $8 billion. Letbetter will receive a severance package, and called his experience with the company "an outstanding opportunity and a great experience" in a written statement.

Letbetter became the chief executive of Reliant Energy, itself the successor to Houston Lighting & Power Co., in June 1999, and later in the same year became chairman as well. The next year, Reliant Energy, now operating as CenterPoint Energy in regulated markets, created Reliant Resources within the company for merchant activities and trading. The complete separation of Reliant Resources from Reliant Energy parent took place in September 2002.
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