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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

Halliburton’s COO Named as El Paso Corporation’s New CEO

LCG, July 17, 2003Pipeline giant El Paso Corporation named Douglas Foshee as its new chief executive and president on Wednesday.

Foshee, at age 44, has been at Halliburton since 2001. He began as chief financial officer and was later named COO. Prior to his position at Halliburton he ran oil and gas company Nuevo Energy Co., as well as serving in several positions at ARCO.

El Pasos current director and CEO, Ronald Kuehn, will stay employed as non-executive chairman.

El Paso has faced much scrutiny over the recent years, both legally and from dissident shareholders. The corporation has already started restructuring, emphasizing its natural gas pipeline assets and foregoing several other avenues of investment.

Foshee has successfully lead restructuring efforts in the past and will be responsible for restoring shareholder confidence when he takes up the job in September at a salary of $900,000 per year.

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