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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 Negotiating to Sell Korean Gas Interests

LCG, Nov. 6, 2001--Enron Corp., already on the ropes in the U.S. and India, is in negotiations with one or more interested parties to sell its 50 percent interest in SK-Enron, a gas distribution joint venture with SK Corp. of South Korea.

Korea Oil News said companies with which Enron is talking include El Paso Corp., BP-Amoco and Exxon Mobil. The publication said Enron planned on receiving letters of intent from interested parties by the end of this month and to complete the sale either this year or early next year.

Enron and SK formed the joint venture in 1999, each company contributing 25 billion won ($19.44 million U.S.) for a total of 50 billion won paid-in capital.

Y. H. Moon, an official of SK-Enron, told Reuters news agency "It is true that Enron is in talks to sell the stake in the joint venture, but we cannot comment where the sale talks are now and how they would proceed," and gave no other details.

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