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FERC and NERC Issue Joint Report on System Performance During the January 2025 Arctic Weather

LCG, April 17, 2025--The Federal Energy Regulatory Commission (FERC), the North American Electric Reliability Corporation (NERC), and its Regional Entities today issued a joint staff report concluding that the nation’s Bulk-Power System (BPS) "performed well during successive cold weather events in January 2025, without major issues in either the natural gas or electric systems."

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Matrix Renewables Announces the Commissioning of Pleasant Valley Solar 1

LCG, April 15, 2025--Matrix Renewables announced today the successful commissioning of the Pleasant Valley Solar 1 power generation facility in Ada County, Idaho. The 200-MWac solar facility includes a Power Purchase Agreement (PPA) that was secured through negotiation with Meta and Idaho Power. Matrix Renewables states the facility is the largest operational solar facility in Idaho Power's system. Sundt Renewables, the Engineering, Procurement, and Construction (EPC) services provider, completed construction of the project on March 2nd.

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Industry News

Enron Nears Deal to Sell Portland General Electric

LCG, Nov. 18, 2003--The public electric utility Portland General Electric (PGE) will be sold to Oregon Electric Utility Co., based upon a deal that has received approval from the board of directors of PGE owner Enron Corp. and the Official Unsecured Creditors' Committee.

The sale would be completed through a cash payment of $1.25 billion, and the assumption of about $1.1 billion worth of debt, according to Enron spokesman Mark Palmer. Oregon Electric Utility Co. is a newly created unit of Texas Pacific Group, a private-equity firm with experience in acquisitions of businesses having financial difficulties.

PGE would keep the same name, should the Oregon Public Utility Commission and federal agencies decide to approve the transaction.
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