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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

California Solar Initiative Approved by CPUC

LCG, January 13, 2006--The California Public Utilities Commission (CPUC) yesterday approved the California Solar Initiative (CSI), a program designed to provide approximately $2.8 billion in incentives to spur solar development over the period from 2006 through 2016. The goal is to develop approximately 3,000 MW of electric generating capacity utilizing solar energy.

The CSI includes incentives for customers to develop photovoltaics (PV) and solar thermal electric projects under 1 MW capacity. The initial PV incentive levels will be set at $2.80 per watt effective Jan. 1, 2006 and will be reduced by about 10 percent per year. The incentive levels for solar thermal electric projects and solar heating and cooling will be determined later this year.

The CPUC will oversee a $2.5 billion program for commercial and existing residential customers that is funded by revenues collected through gas and electric utility distribution rates. The CPUC estimates that the average cost to a residential electric customer will be approximately $12 per year and that the average residential natural gas cost will be $1.40 per year.

The California Energy Commission (CEC) will manage $350 million targeted for new residential building construction. The CEC funds have previously been allocated to the CEC to encourage renewable projects between 2007 and 2011. Existing solar programs, such as the CPUC's Self-Generation Incentive Program and the CEC's Emerging Renewables Program, will be transferred into the CSI by the end of this year.

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