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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

Meeting Today Between FERC and CAISO

LCG, Dec. 9, 2002--After agreeing to allow California's Independent System Operator to implement a day-ahead market over a year later than a previous deadline, the Federal Energy Regulatory Commission will meet with the state grid operator in Washington today to discuss market changes.

The FERC had told California officials that a day-ahead market was to be in place by Jan. 31, 2003, but has now ordered that monthly progress reports be submitted on the state's market design, with changes to be fully in place by June 2004. A day-ahead market must be operational by February 2004, the agency has said.

"We are going to tell FERC that this is the timing that allows us to move forward and put in place the best practices. We don't just want to get it done, but to get it done right, " said Gregg Fishman, the ISO spokesman. One concern that the FERC stressed in its order was the need for California to take into account and work with market authorities in the Pacific Northwest and Southwest.

Changes that are foreseen include locational pricing rather than a single statewide market-clearing price, in order to send clearer market signals to participants, and changes to the ISO's ability to impose penalties. Since Oct. 30th, a revised, higher price cap has been in place with no significant problems. In addition, a mechanism to identify and counteract bids thought to be manipulative is active.
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