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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

Dynegy Gets Out of Trading Business as President Steps Down

LCG, October 17, 2002-Dynegy's president resigned yesterday, as the energy company announced yesterday that it will cut 1,000 jobs and drop energy trading entirely.

President and Chief Operating Officer Steve Bergstrom resigned yesterday after occupying the position for less than a year. He replaced Chuck Watson earlier this year.

Dynegy initially intended to find a creditworthy partner in order to resume energy trading. The company found no such partner and decided to exit the trading business entirely, a move that will decrease the company's collateral requirement and therefore ease its financial restrictions. Dynegy will instead concentrate its business on energy assets.

Dynegy currently employs 5,500 people and is based in Houston, Texas. The company owns assets throughout North America and Europe and has 19,100 megawatts worth of power plant capacity in the U.S. alone.

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