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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

Support Grows for CPUC's PG&E Bankruptcy Plan

LCG, Aug. 23, 2002--Creditors of the bankrupt utility PG&E are backing a proposal by the California Public Utilities Commission that could govern the way in which PG&E emerges from bankruptcy.

U.S. Bankruptcy Judge Dennis Montali is to select either the proposal by the California Public Utilities Commission or PG&E's own plan, on November 12. Under the deal made with the CPUC, creditors would receive payments from PG&E's rates, which could be set based upon its debt and its need to buy power. The California Department of Water Resources has been buying electricity on behalf of the utility, because the utility lacks credit. PG&E's plan would remove its operations from state oversight of its wholesale electric rates.

The plan, which has been developed with assistance from investment bank UBS Warburg, has been criticized by consumer advocacy groups, who are opposed to rates being set based upon PG&E's heavy debts. PG&E would sell stock under the plan, while PG&E Corp., its corporate parent, would be restricted from realizing profits.

Residential customers of Southern California Edison have been paying rates which are as much as 40 percent higher than they were before wholesale power prices spiraled out of control, in order that the utility can pay its debts.
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