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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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PUC of Texas Approves Entergy Texas' Plans to Build Over 1,200 MW of Gas-Fired Capacity

LCG, September 12, 2025--Entergy announced yesterday that the Public Utility Commission of Texas (PUCT) approved Entergy Texas’ proposal to build two efficient natural gas-fired power plants to support the region’s rapid growth. The combined electric generating capacity of the two facilities, the Legend Power Station and the Lone Star Power Station, will add over 1,200 MW to the Southeast Texas power grid to support new customer demand, increase reliability and lower costs for all customers. Both facilities are scheduled to commence operations by mid-2028.

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Industry News

PG&E Consultant Fees Increase

LCG, March 20, 2002-PG&E filed papers in U.S. Bankruptcy Court saying its previous estimated costs were incorrect and much too low.

Records show that PG&E withdrew $32 million to pay consultants last year, sometimes at rates over $600 an hour.

However, the recently submitted court document shows that projected fees for creditors are between $120 and $150 million, more than four times what the utility says it has spent in its bankruptcy case so far.

This money will go to professionals hired by parent company PGE Corporation, which has yet to submit its expenses to the court and previously refused to do so.

The Utility has received intense criticism from many in the industry for its fees to lawyers and accountants.

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