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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

Enron to Buy Out India State's Stake in Dabhol II

LCG, Nov. 14,2000--Enron Corp. was said to be searching for a new investor in the second phase of its Dabhol Power Co. project in India's Maharashtra state after the State Electricity Board expressed its "inability to invest for the time being," The Economic Times reported this morning.

The Maharashtra State Electricity Board will keep a 15 percent stake in the power project, but will be unable to pay for an additional 15 percent as planned, the financial daily published in New Delhi said.

The 1,444 megawatt phase II at Dabhol has four investors: Enron owns 50 percent, the Maharashtra State Electricity Board 15 percent, General Electric Co. 10 percent and Bechtel Enterprises 10 percent. That leaves 15 percent for a new investor.

In the meantime, Enron owns 65 percent of the project, paying for the State Electricity Board's 15 percent with debt, which The Economic Times said is already arranged.

A new investor would be expected to pay about $128 million for the vagrant 15 percent, the paper said.

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