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Southwest Power Pool Board Approves New Process to Accelerate High Impact Large Load Connections

LCG, September 16, 2025--Southwest Power Pool’s (SPP) Board of Directors today announced that the Board approved a process to facilitate the connection of large users of electricity to the power grid while continuing to support energy needs for the entire region. SPP's new process is designed to incorporate transmission service, generation, load interconnection and other relevant reliability studies into a single framework that enables timely, informed decision-making and action.

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Longroad Energy Announces Financial Close of 1000 Mile Solar Project in Texas

LCG, September 15, 2025--Longroad Energy announced today the financial close of 1000 Mile Solar, its 300 MWac (400 MWdc) solar project in Yoakum County, Texas. Longroad Energy finalized a long-term offtake agreement with Meta late last year in the form of an Environmental Attributes Purchase Agreement, which includes a financial settlement arrangement for the entire energy output of 1000 Mile Solar.

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Industry News

Calpine Gets $83.32 Per Megawatt-hour in Third Quarter

LCG, Oct. 27, 2000--Independent power producer Calpine Corp. said yesterday that the average price it received for electricity it generated during the third quarter was $83.32 per megawatt-hour, a 71 percent increase from $48.74 in the same period last year.

The robust increase in revenue per unit of production boosted Calpine's earnings beyond expectations. The company said third quarter earnings, before an extraordinary charge, rose to $147.1 million, or $0.96 a share, from $42.9 million or $0.37 in 1999.

Calpine's results easily exceeded Wall Street estimates of $0.79 per share and the company sounded like it could use Al Jolson's line: "You ain't seen nothin' yet."

Peter Cartwright, chief executive of the San Jose, Calif. company, said "We are very confident that we will exceed the analysts' expectations (in the next quarter)," and Rick Barraza, vice president for investor relations echoed "We are going to have a very strong finish to an excellent 2000."

Calpine said it sold almost a third of its power in California and other western states where prices soared this summer due to a booming economy based on energy-hungry computers and Internet devices.

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