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Longroad Energy Announces Financial Close of 1000 Mile Solar Project in Texas

LCG, September 15, 2025--Longroad Energy announced today the financial close of 1000 Mile Solar, its 300 MWac (400 MWdc) solar project in Yoakum County, Texas. Longroad Energy finalized a long-term offtake agreement with Meta late last year in the form of an Environmental Attributes Purchase Agreement, which includes a financial settlement arrangement for the entire energy output of 1000 Mile Solar.

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PUC of Texas Approves Entergy Texas' Plans to Build Over 1,200 MW of Gas-Fired Capacity

LCG, September 12, 2025--Entergy announced yesterday that the Public Utility Commission of Texas (PUCT) approved Entergy Texas’ proposal to build two efficient natural gas-fired power plants to support the region’s rapid growth. The combined electric generating capacity of the two facilities, the Legend Power Station and the Lone Star Power Station, will add over 1,200 MW to the Southeast Texas power grid to support new customer demand, increase reliability and lower costs for all customers. Both facilities are scheduled to commence operations by mid-2028.

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Industry News

Sempra Energy Trading Opens Madrid Office

LCG, Sept. 8, 2000Sempra Energy Corp.'s wholesale energy trading subsidiary said yesterday it had opened an office in Madrid, Spain, under the name of Sempra Energy Europe Espaa. Rafael Abati, a founder of Madrid's SKS Energy Trading will head up the operation.

Todd Esse, a senior vice president of Sempra Energy Trading's European operations, said "Part of our company's strategy is to be a leading player in the European continent's energy marketplace. We will continue to carry out this strategy by aggressively pursuing similar growth opportunities while building a strong and diverse customer base in both northern and southern Europe."

Sempra is moving into Spain largely because of deregulation of the country's electricity market which has allowed about 68,000 large industrial customers to contract for power on the open market, but liberalization of the natural gas market is not far behind.

In Esse's opinion, this represents a tremendous wholesale marketing opportunity. The company will offer power, natural gas and crude oil commodity trading and marketing, as well as risk management and financial services to industrial companies, power generators and utilities throughout Spain.

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