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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

Greenspan Says Free Markets the Best Energy Policy

LCG, Nov. 14, 2001--Federal Reserve Chairman Alan Greenspan said yesterday that allowing operation of free markets to determine prices, allocate resources and foster development of energy sources would be the best energy policy for the United States.

Greenspan said he believed all current forms of energy, including oil, natural gas, coal and nuclear power, would play major roles in supplying the country's energy needs in coming years, according to the Associated Press.

The Fed chief said it is crucial that political and bureaucratic intervention in energy markets be kept to a minimum so that the correct pricing signals would be sent.

"We must remember that the same price signals that are so critical for balancing energy supply and demand in the short run also signal profit opportunities for long-term supply expansion," Greenspan told an audience at Rice University. "Moreover, they stimulate the research and development that will unlock new approaches to energy production and use that we can now only scarcely envision."

It was the second time this year that Greenspan has devoted a major speech to energy. In both talks, he encouraged development of all sources of energy and increased efforts to promote conservation and renewable energy supplies such as solar power, AP said.

Yesterday, Greenspan said that market forces had dealt effectively with the sharp jump in natural gas prices, home heating oil and gasoline that occurred last winter, and with electric power shortages in California.

He also spoke favorably about the potential for nuclear power, but stressed the importance of addressing "concerns of making plants safe from terrorist attacks" and finding acceptable ways to dispose of spent nuclear fuel from the power plants.

(The accumulation of spent fuel at two Minnesota nuclear power plants has forced their owner, Xcel Energy Inc., to look for sources of replacement power in case the plants have to be shut down. That story is reported on elsewhere in today's EnergyOnline Daily News.)

Greenspan did not comment on the future course of the U.S. economy other than to say that "developments in energy markets will remain central in determining the long-run health of our nation's economy."

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