EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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.

Read more

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.

Read more

Industry News

California Lawmakers May MissAugust 15 SoCal Ed Deadline

LCG, July 25, 2001Southern California Edison Co. and its parent holding company expressed doubt yesterday that the California legislature would be able to meet an August 15 deadline to pass legislation injecting a transfusion of badly needed cash into the ailing utility.

"I think we have to concede the ability to get everything completed by August 15," said Ted Craver, chief financial officer of Edison International Inc. "We do expect to continue to work hard on a negotiated solution."

Both houses of the state legislature have recessed for their summer vacations and most lawmaker have left Sacramento for a month's rest. While a SoCal Ed measure by state Sen. Byron Sher, a Palo Alto Democrat, has passed the upper chamber, no bill has gone to the floor of the Assembly.

Some key members of the Assembly remained on the job, but for a bill to be voted on, at least 80 Assemblymen would have to return to the state capital. Democrat members of both house would have to return to reconcile Senate and Assembly versions of the legislation, and most do not plan to return until August 20, five days after a deadline agreed to by Gov. Gray Davis and the utility.

Davis has threatened to call another special legislative session to have lawmakers return to pass an Edison deal by August 15. "He thinks the date is very real and that they should work toward making that deadline," said spokesman Steve Maviglio. "Also, it sends a very strong signal to Wall Street that we intend to get this done on time."

Donald Sheetz, president of Street Asset Management, who is advising a committee of unsecured SoCal Ed creditors, said his clients have been forbearing because of perceived legislative progress but there could be a limit to their patience.

"It's likely within the next month that something could happen if we don't resolve it as quickly as possible," Sheetz said.

What that something could be is anyone's guess. But the utility owes an estimated $3.5 billion to a lot of people. Any three creditors who are owed at least $10,000 each a paltry sum in this instance could ask a federal bankruptcy judge to force the company into bankruptcy.

Copyright © 2025 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service