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Tokyo-based Electric Power Subsidiary partners with AP Solar in 400 MW Texas Solar Project

LCG, August 6, 2020—J-Power USA Development Co, a subsidiary of the Electric Power Development Co. headquartered in Tokyo, has joined a joint venture to develop a 400 MW Texas solar project.

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Texas Solar Project Sold to CIP

LCG, July 31, 2020—An affiliate of Copenhagen Infrastructure Partners has completed purchase of a 350 MW solar photovoltaic project near the Houston metro area from Solar Plus Development Inc. and Avondale Solar.

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Industry News

Texas' Top PUC Official, Ex-Exec at Enron, Resigns

LCG, Jan. 18, 2002--Questions concerning the circumstances of Max Yzaguirre's appointment as chairman of the Texas Public Utilities Commission led to his resignation Thursday.

Yzaguirre was appointed to the PUC post by Texas Gov. Rick Perry in June. PUC spokesman Terry Hadley said that Yzaguirre had informed his staff that his resignation is effective as of Friday. The former executive at Enron had moved deregulation of Texas' electricity market forward, based upon the passage in 1999 of deregulation legislation.

Gov. Perry will be running for a full term as governor, having taken office when now-President Bush left for Washington. Criticism has risen over the donation of $25,000 to Perry's campaign by Enron chairman Ken Lay the day following Yzaguirre's appointment. The governor said that the timing of the two events was "totally coincidental."

In his original application to head the PUC, Yzaguirre noted his experience as head of Enron's Mexico operations. During Enron's increasing financial difficulties last year, he included other appointments with various other Enron affiliates in his record, which he said he had not remembered earlier.

Tony Sanchez, a Democratic gubernatorial candidate, said he was not sure that the investigation into the financial impact of Enron's collapse upon Texas would not be affected by Enron executives' contributions of $220,000 to Perry's campaigns dating to 1994.

Spokeswoman for the governor, Kathy Walt, said "the governor maintains that Max Yzaguirre is qualified and was qualified at the time of his appointment to serve on the commmision," and that "he has been a fair and balanced voice.&quopt;
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