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SPP Receives FERC Approval to be First RTO Operating in Both Eastern and Western Interconnections

LCG, March 205, 2025--The Southwest Power Pool (SPP) today announced it will soon be the first regional transmission organization (RTO) in the nation to provide full services in both the Eastern and Western Interconnections of the U.S. power grid. On March 20, the Federal Energy Regulatory Commission (FERC) unanimously approved Southwest Power Pool’s amended tariff that includes provisions that enable Western members to join the RTO. The expansion of the SPP RTO is scheduled to go live April 1, 2026.

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LCG Publishes Updated 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, March 20, 2025 – LCG Consulting (LCG) has released a second edition of its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

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Industry News

NRG Announces Emergence from Bankruptcy

LCG, Dec. 8, 2003--The former subsidiary of Xcel Energy Inc., NRG Energy Inc., announced that it has come out of Chapter 11 bankruptcy protection, and will raise cash, common stock and $500 million of new debt issues to be distributed to creditors.

While in bankruptcy, NRG rid itself of $6 billion worth of debt, leaving it with $510 million of corporate debt outstanding, and will have $4.4 billion of debt attached to specific projects. Xcel Energy has completely divested from its subsidiary.

NRG's unit NRG Power Marketing Inc. was also under bankruptcy protection, but announced its emergence last week. NRG Northeast Generating LLC and South Central Generation Holding LLC are expected to follow the same path once $2.2 billion worth of debt has been refinanced, according to the parent company.
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