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FERC and NERC Issue Joint Report on System Performance During the January 2025 Arctic Weather

LCG, April 17, 2025--The Federal Energy Regulatory Commission (FERC), the North American Electric Reliability Corporation (NERC), and its Regional Entities today issued a joint staff report concluding that the nation’s Bulk-Power System (BPS) "performed well during successive cold weather events in January 2025, without major issues in either the natural gas or electric systems."

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Matrix Renewables Announces the Commissioning of Pleasant Valley Solar 1

LCG, April 15, 2025--Matrix Renewables announced today the successful commissioning of the Pleasant Valley Solar 1 power generation facility in Ada County, Idaho. The 200-MWac solar facility includes a Power Purchase Agreement (PPA) that was secured through negotiation with Meta and Idaho Power. Matrix Renewables states the facility is the largest operational solar facility in Idaho Power's system. Sundt Renewables, the Engineering, Procurement, and Construction (EPC) services provider, completed construction of the project on March 2nd.

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Industry News

PNM Says Kansas Demands Could Scotch Western Resources Deal

LCG, July 27, 2001--Demands by the Kansas Corporation Commission for rate cuts could scotch plans by Public Service Co. of New Mexico to acquire two utilities from Western Resources Inc., the companies said yesterday.

Last year, PNM agreed to pay $1.5 billion in an all-stock deal to purchase two regulated utility operations of Western Resources, Kansas Power & Light Co. and Kansas Gas & Electric Co. The two utilities serve more than 630,000 customers in the Sunflower State.

Though Western Resources had asked Kansas regulators for a $150 million rate increase, the KCC voted instead to raise those rates by $22 million.

Also, last Friday, the KCC found that Western Resources' plan to restructure by splitting off its regulated utility business from its unregulated businesses would harm its electric operations.

David Wittig, chief executive of Western Resources, was hopeful. "We believe that we understand the KCC's concerns with the current transaction and are hopeful that we can reach agreement with PNM on alternative terms that will permit the transaction to move forward and provide the benefits that we believe the combination will bring to our customers and shareholders," he said.

But Jeff Sterba, his counterpart at PNM was less so. "PNM doesn't believe that the split-off and other transactions envisioned in our merger agreement with Western Resources can be accomplished on the agreed terms if the KCC's orders remain in effect," he fretted.

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