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Southwest Power Pool Board Approves New Process to Accelerate High Impact Large Load Connections

LCG, September 16, 2025--Southwest Power Pool’s (SPP) Board of Directors today announced that the Board approved a process to facilitate the connection of large users of electricity to the power grid while continuing to support energy needs for the entire region. SPP's new process is designed to incorporate transmission service, generation, load interconnection and other relevant reliability studies into a single framework that enables timely, informed decision-making and action.

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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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Industry News

$300 Million Allocated For Plants in Bulgaria

LCG, Jan. 17, 2002--Two joint ventures involving Bulgaria's National Electricity Company (NEC) will receive as much as $300 million from the European Bank for Reconstruction to construct and upgrade coal-fired plants.

The projects will be managed by U.S. firms AES Corp. and Entergy Corp.

The project developed with AES Corp. will be a new 670-megawatt plant at Maritsa East One section, and will replace a former unit at the site. The plant is seen as requiring a 980 million euro ($863 million U.S.) investment. The other, a joint venture between the NEC and Entergy, is planned as a 470 milion euro ($414 million U.S.) project to upgrade and operate an 840-megawatt plant at Maritsa East Three section.

Michael Delia, the EBRD's Deputy Directory for Bulgaria, said "EBRD has been mandated to provide financing for both projects. We have been asked to provide between $100 million and $150 million to each of them."

The bank, which will also extend a loan to upgrade and extend Bulgaria's power transmission system, intends to assist the Energy Ministry in privatizing the seven transmission companies in Bulgaria. The ministry wants to sell the companies by year's end. Loans will also aid in modernizing district heating operations over four years.

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