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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

Derivatives Oversight Measure Defeated

LCG, Apr. 11, 2002--A measure that would have required public records and tracking of over-the-counter energy derivatives fell 12 votes short of the necessary 60 in the U.S. Senate, and was withdrawn by its lead sponsor, Sen. Dianne Feinstein (D-Calif.).

Responsibility for oversight would have been given to the Commodity Futures Trading Commission. It would also have set capital requirements for online trading exchanges, whose operations would be made open to inspection.

Strong opposition to the measure came from financial companies, banks and traders. Treasury Secretary Paul O'Neill and Federal Reserve Chairman Alan Greenspan have said that the regulation would provide no additional necessary regulatory oversight, and would create counterproductive legal complications within the derivatives market.

A former chairman of investment bank Goldman Sachs Group Inc., Sen. Jon Corzine (D-N.J.), spoke in favor, saying the amendment "brings forward fairly simple and straightforward oversight functions." Goldman Sachs itself expressed the opinion that more work was needed before enacting a similar porposal.
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