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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

Progress Buys Two Georgia Projects from LG&E

LCG, Nov. 6, 2001--A subsidiary of Progress Energy inc. said yesterday it has agreed to purchase from LG&E Energy Corp. two power plants in Georgia with a combined capacity of 1,182 megawatts.

Progress Ventures Inc. said it would pay $345 million for the two plants, the Monroe project in Monroe, Ga. which is a 496 megawatt natural gas-fired plant placed in service in June and the Tiger Creek project in Washington County, Ga., a planned 686 megawatt natural gas-fired plant expected to be operational by June 2003.

"This is an outstanding opportunity for Progress Ventures to execute on our generation expansion strategy in the Southeast," said Tom Kilgore, president, Progress Ventures. "Our existing generation adjacent to this Monroe facility and our expansion plans under way in Effingham County, Georgia provide synergy opportunities and give us a greater ability to create value from these plants."

The transaction includes a power-purchase agreement with LG&E Marketing for both projects through Dec. 31, 2004. In addition, there is a project-management-completion agreement with LG&E to facilitate buildout of the Tiger Creek project.

The deal is subject to approval by the Federal Energy Regulatory Commission and other regulatory agencies. The companies expect the transaction to be completed by early next year.

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