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Southwest Power Pool Board Approves New Process to Accelerate High Impact Large Load Connections

LCG, September 16, 2025--Southwest Power Pool’s (SPP) Board of Directors today announced that the Board approved a process to facilitate the connection of large users of electricity to the power grid while continuing to support energy needs for the entire region. SPP's new process is designed to incorporate transmission service, generation, load interconnection and other relevant reliability studies into a single framework that enables timely, informed decision-making and action.

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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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Industry News

SoCal Ed Won't File for Chapter 11

LCG, Sept. 19, 2001--Edison International Inc., the parent holding company for insolvent Southern California Edison Co., said yesterday that SoCal Ed will not seek protection under Chapter 11 of the bankruptcy law and will "vigorously" defend itself against involuntary bankruptcy.

"We do not intend to file voluntary bankruptcy," said Ted Craver, chief financial officer of Edison International, in a conference call. "We ask our creditors to continue to forbear and work with us." He added "we will vigorously oppose any involuntary bankruptcy petition."

The California legislature adjourned for the year Saturday without passing legislation that would enable the state to "rescue" SoCal Ed from bankruptcy, and though Gov. Gray Davis has vowed to call a special session to get the legislation done there appears little chance the lawmakers will give him what he wants.

With little hope for a legislative solution that would restore the creditworthiness of the utility, there is a growing possibility that some creditors may feel that half a loaf is better than none. It would take only three of SoCal Ed's hundreds of creditors to force the company into involuntary bankruptcy.

Craver admitted the possibility, saying "to be completely frank about it, the bankruptcy risk is higher today" than it was before the legislature adjourned.

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