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SPP and Member Utilities Successfully Achieve Western Expansion Milestone

LCG, April 2, 2026--Southwest Power Pool (SPP) today announced that the expansion of its service territory into the Western Interconnection has been a success. The milestone makes SPP the first regional transmission organization (RTO) with services spanning the Eastern and Western Interconnections. Its member organizations, which cover all or part of 17 states, can now benefit from a more operationally and geographically diverse integrated system.

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Holtec Achieves Milestone towards Restarting Palisades Nuclear Facility and Advances Plans to Build Two SMRs at Palisades Site

LCG, March 31, 2026--Holtec International yesterday announced that it successfully completed a milestone test necessary to return Holtec's Palisades Nuclear Generating Station to service. The 805-MW pressurized water reactor (PWR) is located in Michigan and was shut down by Entergy in May 2022. Holtec acquired the facility in June 2022 and has pursued a path to return the plant to service.

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Industry News

Enron's Skilling Had No Idea Collapse was Coming

LCG, Dec. 26, 2001--Jeff Skilling, the architect of Enron Corp.'s light-on-assets, heavy-on-paper trading strategy, said he had no idea he was leaving a company on the brink of failure when he abruptly quit as chief executive in August, after just six months in the top slot.

Skilling appeared Friday at the Washington D.C. offices of his lawyers, O'Melbeny & Myer, where he was interviewed by representatives of the Houston Chronicle, The New York Times and The Wall Street Journal.

Two months after Skilling left the company, Enron reported massive losses in its third quarter results, beginning one of the fastest nosedives in U.S. corporate history. Skilling said he offered to return without pay to help the company fight the spin-out but the idea was dropped because "the press might not understand and it would add to the confusion."

Skilling said he was stunned by Enron's collapse. "The last two months have been the worst two months of my life," he added.

"We're all trying to figure out what happened," Skilling said. "This is a tragedy. I had no idea the company was in anything but excellent shape."

Skilling said he was completely unaware that Chief Financial Officer Andrew Fastow had an equity stake in certain partnerships with which the company kept a half-billion dollars in debt off its balance sheet. Skilling said the partnerships, which were Fastow's idea, were created to cut down on risk for Enron and its shareholders and not to hide debt or manipulate earnings.

Skilling spoke earlier with SEC investigators, and has talked to staff members of the House Energy and Commerce Committee on Thursday. He declined to elaborate on those conversations.

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