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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

Nuclear Unit Powers Entergy Earnings

LCG, July 31, 2001Entergy Corp., which today announced higher-than-expected earnings, said the increase was due in large part to improved results in its nuclear generation operations and energy trading business.

The company, which earlier this months told Wall Street to expect earnings of about 96 cents per share, a two-cent drop from the same period last year, reported $1.06 cents a share, on $239 million earnings for the second quarter against $224 million for the second quarter a year earlier.

Entergy is the second-largest nuclear power company in the U.S., behind Exelon Corp. The company purchased four reactors from other utilities during the past 12 months, and has indicated it is looking for more.

Entergy's earnings, a record for the 13th consecutive quarter, prove that the company is on the right track, according to Chief Executive Wayne Leonard. "We've yet to realize all the upside potential in these businesses and we will capture every available opportunity to create tangible value for our shareholders," he said.

The gain came despite a $10 million downturn in profits from the company's regulated utility business, attributed to mild weather. That dip was more than compensated for when nuclear operations posted a gain of $33 million, three times the previous year's figure.

John Wilder, chief financial officer, said "We enter the second half of the year highly confident of our opportunities for the remainder of 2001 and beyond. We are reaffirming our current guidance for 2001 at $3.00 to $3.20 per share and $3.30 to $3.50 for the year 2002."

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