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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

Gas Prices Provided by Williams for Indexes Were False

LCG, Oct. 25, 2002--Natural gas traders for Williams Cos. reported false gas trades to industry publications, Williams announced today following an investigation into the matter.

The Commodities Futures Trading Commission is currently investigating the circumstances under which the false reporting by some traders took place, with the cooperation of Williams. A survey of anonymous traders is made by publishers of price indexes, which are used in many contracts to determine the terms of settlement. Dynegy and American Electric Power indicated last week that the prices of some trades reported to Platts, a McGraw-Hill Cos. division, had been false.

Williams does not report trading information to industry publications at present, following its significantly reduced emphasis on trading operations. The company is now trying to improve its liquidity through asset sales.
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