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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

AEP Emphasizes Core Utility Operations

LCG, Jan. 24, 2002--American Electric Power Co. (AEP) announced that following a fourth-quarter loss of $837 million, it will sell domestic and overseas non-utility assets, many of which have recently fallen in value, and reduce its workforce by 1,300, or about 5%.

The company is reducing its dividend to 35 cents a share from 60 cents in order to improve liquidity and reduce borrowing costs. "The once flourishing wholesale market is no longer the promising business we contemplated three years ago," said AEP chairman, chief executive and president, E. Linn Draper Jr. The company, which has most of its power generation assets in the Midwest, has already reduced its trading operations, like many other energy companies hurt by a loss of investor confidence.

Draper noted that the company would be operating according to the "traditional model" of the regulated utility. While AEP has written off $1 billion in asset value this quarter in recognition of poor market conditions, it plans to sell subsidiaries such as AEP Coal at the best prices possible, without rushing to turn them into cash.
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