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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.

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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.

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Industry News

Enron Files for Chapter 11 Bankruptcy

LCG, Dec. 3, 2001--Enron Corp., collapsing like a house of cards, filed for Chapter 11 bankruptcy yesterday and, at the same time, sued Dynegy Inc. for $10 billion for walking away from a deal to acquire Enron.

Enron filed for Chapter 11 reorganization in U.S. Bankruptcy Court for the Southern District of New York, and filed suit against Dynegy in the same court. In addition to seeking the $10 billion in damages, Enron asked the court to declare that Dynegy is not entitled to exercise its option to acquire Enron's Northern Natural Gas Pipeline.

In a statement, Kenneth L. Lay, Enron's embattled chairman and chief executive, insisted in spite of growing evidence to the contrary that "From an operational standpoint, our energy businesses-including our pipelines and utilities-are conducting normal operations and will continue to do so."

Dynegy responded this morning to Enron's lawsuit with a suit of its own, seeking to protect its option to purchase Northern Natural Gas Pipeline.

Chuck Watson, Dynegy's chairman and chief executive, said "This morning in Houston, Texas, Dynegy filed a lawsuit against several Enron subsidiaries which are not in bankruptcy. This suit demands these companies live up to their obligations."

When Dynegy and Enron announced their merger on November 9, Dynegy advanced $1.5 billion to Enron and was given as collateral shares of preferred stock which constitute an option to purchase the 500-mile pipeline. Last Thursday, Dynegy chose to exercise that option.

Watson characterized Enron's suit to block the pipeline deal as "frivolous and disingenuous."

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