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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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CPUC Approves SDG&E's Westside Canal Battery Energy Storage Expansion Project

LCG, March 14, 2025--The California Public Utilities Commission (CPUC) approved an expansion of San Diego Gas & Electric's (SDG&E) Westside Canal Battery Energy Storage facility. The expansion project is located in California's Imperial Valley and will add 100 MW of energy storage capacity to the existing 131 MW facility. The new capacity is expected to be fully operational by June 2025. Upon completion, the Westside Canal facility, with a total capacity of 231 MW, will be the largest storage asset in SDG&E's utility-owned battery storage portfolio.

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Industry News

Retail Electric Competition Comes to Texas

LCG, Jan 2, 2002--Retail electric competition came to Texas yesterday and it appears that not only are there sufficient alternative power providers to assure a competitive market, the "prices to beat" set by regulators leave them a little room to earn a profit.

In recent weeks, the Public Utility Commission of Texas set "competitive prices" for the state's investor-owned utilities. In the Dallas-Fort Worth area served by TXU Corp.'s Texas Utilities Co., the company's rate was lowered from 9.67 cents per kilowatt-hour to 8.25 cents.

Under deregulation, existing utilities, such as TXU, will continue to have prices in their home territories fixed by the state until 40 percent of its customer base has switched. That may not happen soon, even with competitive prices from new power suppliers.

In Pennsylvania, which deregulated its electricity market two years ago, only about 5 percent of homeowners have switched providers. "We've learned that residential customers are concerned first and foremost with reliability of service and that price is important but not the only consideration," TXU spokesman Chris Schein said.

But some of the prices offered by the alternative suppliers are plenty attractive, though most require a one-year contract.

According to the Fort Worth Star Telegram, customers who want to sign a one-year contract with New Power Holdings can get a rate as low as 7 cents per kilowatt-hour. First Choice Power, the former Texas-New Mexico Power Co. of Fort Worth, is offering a one-year rate of 7.4 cents per kilowatt-hour. Reliant Energy of Houston, whose rates are frozen in its service territory, is offering a monthly rate of 7.3 cents per kilowatt-hour. For those interested in all-renewable energy from Texas solar arrays and wind farms, Green Mountain Energy is offering a rate of 8.2 cents per kilowatt-hour.

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