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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

Southern California Edison Submits Market Re-Entry Plan

LCG, May 3, 2002-Southern California Edison (SCE) last week gave the California Public Utilities Commission its plan to reestablish an investment-grade credit rating.

The utility, which carries a "BB" credit rating, got into trouble last year when caught between retail price caps and skyrocketing wholesale prices. By January 2001, SCE had $6.35 in "undercollections," and California appointed the Department of Water Resources to buy power in its place.

The SCE plan, submitted late Wednesday, asks permission to enter long-term contracts and elaborates on the need to avoid spot purchases. SCE also included prompt rate review by regulators to be implemented if undercollection exceeds 5 percent of SCE revenue; the utility defines "prompt" as less than 30 days.

According to the plan, the DWR would initially co-sign SCE contracts, but ultimately the utility would assume full ownership once its credit rating improved sufficiently.

SCE hopes that the Commission will approve the plan by September or early October.

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