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FERC and NERC Issue Joint Report on System Performance During the January 2025 Arctic Weather

LCG, April 17, 2025--The Federal Energy Regulatory Commission (FERC), the North American Electric Reliability Corporation (NERC), and its Regional Entities today issued a joint staff report concluding that the nation’s Bulk-Power System (BPS) "performed well during successive cold weather events in January 2025, without major issues in either the natural gas or electric systems."

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Matrix Renewables Announces the Commissioning of Pleasant Valley Solar 1

LCG, April 15, 2025--Matrix Renewables announced today the successful commissioning of the Pleasant Valley Solar 1 power generation facility in Ada County, Idaho. The 200-MWac solar facility includes a Power Purchase Agreement (PPA) that was secured through negotiation with Meta and Idaho Power. Matrix Renewables states the facility is the largest operational solar facility in Idaho Power's system. Sundt Renewables, the Engineering, Procurement, and Construction (EPC) services provider, completed construction of the project on March 2nd.

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Industry News

Enron Barred from Trading on California Grid

LCG, Feb. 12, 2002--The California Independent System Operator yesterday prevented further trading by Enron Corp. through the market overseen by the grid manager, for posting less collateral than required and underreporting its trade volume.

"Enron cannot make payments based on speculation or guesses," Enron said in attempting to explain why it apparently underreported by up to $50 million how much power it bought and sold. The bankrupt company said that meter readings concerning service to retail customers and wholesale trade had been incorrect, based on errors by the company responsible.

A disagreement had arisen over the amount of collateral Enron should have provided the ISO, after Enron did not give specific trade volumes to the ISO. Enron does not in fact have retail customers of its own anymore, but ceded them to established utilities.
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