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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

CPUC Has Alternative PG&E Reorganization Plan

LCG, Jan. 9, 2002--PG&E, which has been promoting its reorganization plan in bankruptcy court, now has to contend with a reorganization plan for the utility proposed by the California Public Utilities Commission, the state agency which sets utility rates and oversees states utilities.

Last April, the utility filed for bankruptcy protection in response to its overwhelming debt load and soaring wholesale power prices.

According to the CPUC, if PG&E transfers its generation and transmission assets to its parent company, out of the purview of CPUC regulation, the result could be years of litigation. CPUC hopes that its motion in the PG&E bankruptcy case will come under consideration. Currently, only PG&Es proposal can be considered in the courts. This restriction on other restructuring plans is set to expire Feb. 4, subject to the discretion of Bankruptcy judge Dennis Montali.

The CPUC called PG&Es plan an attempt to "prevent the CPUC from having a meaningful voice" in restructuring. Its plan would pay off the companys short-term debts in their entirety, restoring PG&Es credit rating and financial standing. The CPUC said it would allow PG&E a reasonable rate of return under its rate structure, which could actually drop in 2003.

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