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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

Lay Steps Down From CEO Post and Chairmanship of Enron

LCG, Jan. 24, 2002--Enron's chairman and CEO Ken Lay has left those positions, under pressure from a bankruptcy court-appointed creditors committee.

Lay will assist Enron's board of directors in selecting a restructuring specialist, who will be acting CEO until a formal replacement is found. In a statement, Lay said, "unfortunately, with the multiple inquiries and investigations that currently require much of my time, it is becoming increasingly difficult to concentrate fully on what is most important to Enron's stakeholders."

The 15-member creditors committee held strong doubts about Lay's effectiveness in seeing that creditors are repaid, in view of the series of sales of Enron stock Lay made in 2001 while the company's financial position was crumbling.

Hearings regarding Enron begin on Capital Hill today before a subcommittee of the House Energy and Commerce Committee ("The Destruction of Enron-Related Documents by Andersen Personnel"), and before the Senate Governmental Affairs Committee ("The Fall of Enron - How Could It Have Happened?").

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