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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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PUC of Texas Approves Entergy Texas' Plans to Build Over 1,200 MW of Gas-Fired Capacity

LCG, September 12, 2025--Entergy announced yesterday that the Public Utility Commission of Texas (PUCT) approved Entergy Texas’ proposal to build two efficient natural gas-fired power plants to support the region’s rapid growth. The combined electric generating capacity of the two facilities, the Legend Power Station and the Lone Star Power Station, will add over 1,200 MW to the Southeast Texas power grid to support new customer demand, increase reliability and lower costs for all customers. Both facilities are scheduled to commence operations by mid-2028.

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Industry News

Maharashtra State Pays Enron India $17 Million

LCG, Feb. 13, 2001Enron Corp. managed to extract yesterday from India's Maharashtra state payment for the state's electricity board's November bill, a sum of $17 million, the United News of India reported.

It was a grueling, three-step process. First, Enron India asked the Maharashtra State Electricity Board, a government-owned utility, to pay for November's power purchased from Dabhol Power Co., a power plant of which Enron owns 65 percent and the MSEB 15 percent. That didn't work.

Then, Enron invoked the guarantee of the state of Maharashtra. The state ignored the company's petition.

Finally, Enron invoked the sovereign guarantee of the federal government of India. That got some attention. New Delhi didn't want to pay the bill, which would set a bad precedent, so it leaned on the state of Maharashtra to force its electricity board to pay up.

Officials of Maharashtra's state government know well that the MSEB can't pay its bills, so the state was forced to step in and pay Enron the $17 million.

That's pretty much how it worked for October's bill, too, and will likely work for December's which is past due and January's which is still current.

The Indian government has made no secret of its desire to attract foreign investment to its power sector. It is also no secret that four major companies, firms with less patience than Enron, have pulled out of power projects in India.

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