Latest news with #EnergyCenter
Axios
3 days ago
- Business
- Axios
Advocates prepare residents for AES rate hike fight
Now is the time for Indianapolis residents concerned about the looming AES Indiana rate hikes to speak up. Why it matters: The utility company says its latest proposal would translate to a $21 monthly increase for a residential customer using 1,000 kWh. Ratepayer advocacy group Citizens Action Coalition (CAC) warns that the real cost would be even higher, based on a recent analysis, and is urging customers to fight back. According to a CAC assessment of U.S. Energy Information Administration data, the average AES Indiana residential customer uses approximately 896 kWh of electricity per month. Threat level: According to CAC executive director Kerwin Olson, nearly half (49%) of AES customers in Indianapolis have been sent a disconnection notice through the first six months of 2025. 21,000 households have been disconnected and 43,000 customers were reported to collection agencies for delinquent utility bills, including 37,000 in June. What they're saying:"That is a clear indication that folks cannot afford an essential human service that is necessary for folks to participate in society in a meaningful way," Olson said. "We're not talking about streaming subscriptions. We're not talking about cable TV. We're not talking about Xbox. We're talking about electricity to keep the lights on, keep the milk fresh, take a hot shower, keep your house warm in the wintertime and cool in the summertime." State of play: AES filed a regulatory rate review with the Indiana Utility Regulatory Commission in June to increase rates by 13.5% over the next year and a half. If approved as is, the rate hike would roll out in two phases with the first being a 7.5% increase in April and the second a 6% increase in January 2027. In addition, AES Indiana customers will see a 6% bill increase next year because of approved projects like the Pike County Battery Energy Storage System, the Petersburg Energy Center and grid improvements to be completed throughout 2026. Zoom in: AES said the increase is needed to cover rising costs as the company makes investments in areas like vegetation management, storm restoration and technology to improve service reliability. "The rate review process ensures transparency around the investments we're making to build a more resilient energy future and demonstrates our commitment to delivering long-term value to our 532,000 customers," AES Indiana president Brandi Davis-Handy said in a statement. "We understand that any change in rates can create hardships for our customers, and we are committed to working diligently to manage costs responsibly." Yes, but: CAC and frustrated customers at a recent town hall held by the nonprofit said the service they're already paying for isn't cutting it, and attempts to add efficiency have only led to more problems. A common topic at the town hall was ongoing billing issues, caused by a system upgrade AES rolled out in late 2023, that resulted in customers being charged up to 10 times for the same monthly bill. Attendees said they are also experiencing sticker shock as summer energy bills come in two or three times higher than what they paid in 2024, and are upset with slow restoration times after major storms. What's next: Customers will have multiple opportunities to voice their opinions over the next few weeks. The first of four public field hearings organized by the IURC to discuss the proposal starts at 6pm Monday at the Indianapolis Public Library's West Perry Branch. The remaining hearings will take place 6pm Thursday at Southeast Community Services, 6pm Aug. 25 at New Augusta North Public Academy and 6pm Aug. 27 at The Fort Event Center at Fort Harrison State Park. The Indiana Office of Utility Consumer Counselor is accepting written comments online through Sept. 2. [email protected]; or faxed to (317) 232-5923. The deadline for the IURC order is March 30, 2026.
Yahoo
14-06-2025
- Business
- Yahoo
Meta and XGS Energy link to develop geothermal project in New Mexico
Meta Platforms has signed an agreement with XGS Energy to support the development of 150MW of geothermal energy project in the US state of New Mexico. Both its initial smaller first phase and its larger second phase will be operational by 2030. Both will be located on the site of the state's PNM public service electric grid. The agreement represents another step for Meta, one of the world's largest corporate purchasers of renewable energy. Meta global head of energy Urvi Parekh stated: 'Advances in AI require continued energy to support infrastructure development. 'With next-generation geothermal technologies like XGS ready for scale, geothermal can be a major player in supporting the advancement of technologies like AI as well as domestic data centre development. 'We're excited to partner with XGS to unlock a new category of energy supply for our operations in New Mexico.' The energy company's geothermal technology will be deployed to the PNM electric grid and will support the tech company's data centre operations, which are located in New Mexico. XGS's tech has separated geothermal energy production from traditional constraints by eliminating the need for specific geological conditions such as water availability or permeable rock formations. Currently, New Mexico has only one operational geothermal power plant despite having some of the most promising hot rock resources nationwide. The new project is expected to raise New Mexico's total output of geothermal electricity tenfold. XGS Energy CEO Josh Prueher stated: 'We're pleased to support Meta's ambitious AI objectives and accelerate access to new round-the-clock power supplies. 'More broadly, the state of New Mexico is a growing hub for data centre development. We are eager to feed clean, water-independent geothermal power into the New Mexico market at a scale uniquely possible with XGS technology.' Constellation and Meta recently signed a 20-year power purchase agreement (PPA) to use the output from the Clinton Clean Energy Center in Illinois, US. The deal supports Meta's clean energy objectives and regional operations by providing 1,121MW (1.12GW) of emissions-free nuclear energy. "Meta and XGS Energy link to develop geothermal project in New Mexico" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-04-2025
- Business
- Yahoo
Sysco, NextEra Energy Resources Celebrate the Groundbreaking on Oklahoma Solar Project
The Rumble Solar Energy Center in Grady County, Oklahoma will create 300 construction jobs and bring an estimated $32 million in tax revenue to the county HOUSTON, TX / / April 10, 2025 / Originally published on April 10, 2025 on Sysco Corporation, the world's largest food distributor, and NextEra Energy Resources, LLC, one of the country's largest energy infrastructure developers, celebrated the groundbreaking of the Rumble Solar Energy Center in Oklahoma. Once operational, Rumble Solar, LLC, a subsidiary of NextEra Energy Resources, will generate approximately $32 million in additional tax revenue over 30 years for the community. The project represents a potential $334 million investment in the local community and will generate 250-megawatts of renewable energy, making it one of the largest solar sites serving the food service industry. The energy generated equals 75% of Sysco's national power usage including 100% of Sysco Oklahoma's total electric load. Rumble Solar will create approximately 300 jobs at the peak of construction, bringing increased activity and revenue to the local area, highlighting the project's significant investment in Oklahoma's energy infrastructure. "This is another example of our commitment to operating in a manner that is responsive to the expectations of the communities and customers we serve while also fulfilling our own business goals," said Sysco Chief Merchandising Officer and Senior Vice President Victoria Gutierrez. This project ticks several of our goals by decreasing our emissions each year by 16%, while also creating additional jobs and increasing tax revenue for a community we serve," Gutierrez added. Sysco's climate goal aims to lower Scope 1 and 2 emissions by 27.5% by 2030. An important element of reaching this goal includes sourcing 100% renewable electricity for the company's global operations by 2030. The company will reduce its Scope 2 emissions and decrease electricity costs for the company as we transform into both a seller and buyer of power. "We're excited to continue working alongside Sysco and helping them reach their sustainability goals," said Anthony Pedroni, vice president of development at NextEra Energy Resources. "Once operational, Rumble Solar will deliver immense benefits not only to Sysco, but to Grady County, the surrounding community, and the state of Oklahoma. The Rumble Solar Energy Center is NextEra Energy Resources' second solar project to begin construction in Oklahoma and is expected to be operational by the end of 2026. The company's subsidiaries currently operate 19 wind energy facilities and three battery energy storage facilities in the state. During the event, Sysco Corporation and Rumble Solar presented $10,000 donations to the Regional Food Bank of Oklahoma and Minco Schools, respectively. The funds to Minco Schools will support the Agricultural Education and Family Consumer Sciences departments. The funds to the Regional Food Bank of Oklahoma will be allocated to their Backpack Program Initiative, which provides meals to children in need during the summer. More information on Sysco's sustainability commitments can be found in Sysco's 2024 Sustainability Report. About Sysco Sysco is the global leader in selling, marketing and distributing food and related products to customers who prepare meals away from home. This includes restaurants, healthcare and educational facilities, lodging establishments, entertainment venues, and more. Sysco operates 340 distribution centers, in over 10 countries, with 76,000 colleagues serving approximately 730,000 customer locations. The company generated sales of more than $78 billion in fiscal year 2024 that ended June 29, 2024. As the world's largest food-away-from-home distributor, Sysco offers customized supply chain solutions, bespoke specialty product offerings, and culinary support to drive customers to innovate and optimize their operations. We act as a trusted business partner to our customers, helping them grow through our industry-leading portfolio that includes fresh produce, premium proteins, specialty products, sustainably focused items, equipment and supplies, and innovative culinary solutions. For more information, visit For important news and key information for Sysco investors, visit the Investor Relations section of the company's website at Follow us: SYY-NEWSFor more information contact: Investor Contact Kevin Media Contact Cassandra View original content here. View additional multimedia and more ESG storytelling from Sysco Corporation on Contact Info:Spokesperson: Sysco CorporationWebsite: Email: info@ SOURCE: Sysco Corporation View the original press release on ACCESS Newswire Sign in to access your portfolio
Bloomberg
28-03-2025
- Business
- Bloomberg
Stock Movers: Ralph Lauren, Oxford, Argan
On this episode of Stock Movers: - Ralph Lauren Corp's (RL) shares slid after President and CEO Patrice Louvet reported a series of insider stock transactions to the US Securities and Exchange Commission. Louvet sold 14,800 shares in Ralph Lauren for $3,441,000. - Oxford Industries shares were down as much as 12%, after the apparel company gave an outlook that is weaker than expected, prompting an analyst downgrade. -Argan Inc. shares climb 13% postmarket after the builder of power plants posted 4Q revenue that climbed 41% from the year-ago period. 4Q revenue grew amid heightened quarterly construction activities at several projects, including the Trumbull Energy Center, a gas-fired power plant under construction near Lordstown, Ohio
Yahoo
25-03-2025
- Business
- Yahoo
More Natural Gas-Fired Plants Planned to Support Ohio Data Centers
An Ohio town known as a hub for the burgeoning data center industry may soon have one or more new natural gas-fired power plants to support the area's need for energy. City officials in New Albany said they have been notified about plans for multiple natural gas power projects. The facilities would be located in Licking County, in the New Albany International Business Park. Three of the projects have been publicly identified, including the PowerConneX New Albany Energy Center, along with the Socrates North and South Power Generation Facility Projects. EdgeConneX, based in Herndon, Virginia, said the proposed PowerConneX New Albany Energy Center facility would have as much as 120 MW of generation capacity. EdgeConneX said the facility would serve as the primary source of electricity for a colocated data center. A public information meeting about the project is scheduled for March 26. The company said it expects construction will begin later this year, with commercial operation in 2026. EdgeConneX said the project, which would add to the data center sector's footprint in the Columbus, Ohio, metro area, would mean local utility AEP would not be responsible for infrastructure to serve the complex. Local officials have said they expect other corporate entities could consider supporting similar natural gas-fired power projects in the future. AEP Ohio officials have been working with state officials to determine a rate structure for energy use from the data center industry. EdgeConneX officials have said the company has developed more than 80 data centers in more than 50 markets across more than 20 countries. The proposed New Albany site would be its first in Ohio, though it has developed at least 28 data centers for customers in North America. Want to learn more about how power demand from data centers is impacting the power generation sector? Register to attend event in Denver, Colorado, on Oct. 28. The summit is associated with event in Denver scheduled Oct. 28-31. The central Ohio region is home to at least 105 data centers, according to government data. The Socrates' projects are two separate gas-fired power plants, each with 200 MW of generation capacity, being developed by Williams. Alan Armstrong, the company's chief executive, in an interview last year with CNBC noted that construction of more natural gas-fired power plants would be needed to keep up with growing demand for electricity from artificial intelligence and data centers. "A tremendous amount of demand has been building up," Armstrong said. "We're seeing people contacting us directly, wanting to get natural gas off of our big systems to fuel new power generation in what they call behind the meter. So rather than going through the utilities, they're actually wanting to install their own power generation and not have to deal with the long queues that exist in a lot of places right now to get connected to the grid." The Socrates' power stations have a target in-service date in the second half of 2026. —Darrell Proctor is a senior editor for POWER.
