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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

Greenspan Says Oil and Gas Prices to Affect Businesses

LCG, Apr. 28, 2004--The increases in the prices of oil and natural gas experienced in the U.S. over the last several years will likely not be reversed soon, the chairman of the Federal Reserve, Alan Greenspan, has said.

The chairman also indicated that he thought that industries with significant energy intensity, including petrochemical and fertilizer producers, might shift production to areas of the world with lower gas costs, in order to remain competitive. Greenspan also pointed out that during the last sustained rise in oil prices, in the '70's, consumers purchased more fuel-efficient vehicles, although he did not forecast the same reaction would occur again.

As he has previously, Greenspan called for expansion of infrastructure to allow imports of liquefied natural gas from countries besides Canada, which is already exporting as much as possible while still being able to supply its own needs.

The Fed chairman remarked on delivery contracts for six years in the future, which he said are at $27, whereas such contracts went for $16 to $18 in 1999. Natural gas prices have risen approximately 180 per cent above the 1999 price of $2.50 per million British thermal units.
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