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SPP Receives FERC Approval to be First RTO Operating in Both Eastern and Western Interconnections

LCG, March 205, 2025--The Southwest Power Pool (SPP) today announced it will soon be the first regional transmission organization (RTO) in the nation to provide full services in both the Eastern and Western Interconnections of the U.S. power grid. On March 20, the Federal Energy Regulatory Commission (FERC) unanimously approved Southwest Power Pool’s amended tariff that includes provisions that enable Western members to join the RTO. The expansion of the SPP RTO is scheduled to go live April 1, 2026.

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RWE and Meta Announced New PPA for 200-MW Waterloo Solar Project

LCG, March 18, 2025--RWE and Meta today announced a new power purchase agreement (PPA) for offtake from RWE's 200-MW Waterloo Solar Project, which is located in Bastrop County, Texas. Under the agreement, Meta will purchase 100% of the output from the solar facility, which will support Meta's goal of matching its electricity needs with 100 percent clean energy. The project is scheduled to commence onsite construction in late 2025.

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Industry News

Enron India Lenders to Meet in London

LCG, April 19, 2001Enron Corp. said this morning that its Enron India subsidiary has scheduled an April 23 meeting in London with financial institutions that lent money for the construction of the Dabhol power plant in India's state of Maharashtra.

The meeting is planned to bring Dabhol's lenders up to date on ongoing differences with Maharashtra and the state's government owned utility, but could foreshadow international arbitration in the dispute. Earlier this month, Enron issued a notice of "force majeure" which is the first step in taking the matters to arbitration.

Maharashtra agreed with Enron in 1995 on construction of a 740 megawatt "first phase" of Dabhol and to a 1,450 megawatt second phase to be built on the heels of the first, with the state to purchase the entire output. The state's utility, the Maharashtra State Electricity Board, has defaulted regularly on payments to Dabhol for power from the first phase and now says it has no interest in the second phase, which is nearly complete.

Enron has twice invoked India's federal guarantee to secure payment of monthly electric bills and is now owed about $48 million for power delivered in January. Lenders have extended about $1.2 billion for construction of the second phase, which is expected to begin operation later this year.

Lenders likely to attend next Monday's meeting in London include the Indian institutions Industrial Development Bank of India, Industrial Finance Corporation of India , Canara Bank, State Bank of India and ICICI Ltd., an investment bank.

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