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Puget Sound Energy Starts Construction on 142-MW Appaloosa Solar Project in Washington

LCG, September 4, 2025--Puget Sound Energy (PSE) announced yesterday that phased construction has commenced on its 142-MW Appaloosa Solar Project, a utility-scale solar facility underway in southeastern Washington. The project is being built by Qcells EPC, who will serve as the module manufacturer and the engineering, procurement, and construction (EPC) solution provider. Construction is scheduled through 2026, and commercial operation is expected at the end of next year.

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TVA and ENTRA1 Energy Announce Collaborative Agreement in Landmark 6-Gigawatt NuScale SMR Deployment Program - Largest in U.S. History

LCG, September 3, 2025--The Tennessee Valley Authority (TVA) and ENTRA1 Energy (ENTRA1) yesterday announced a new agreement to advance nuclear power development within TVA’s service region. Under the agreement, ENTRA1 Energy will collaborate with TVA to deploy six ENTRA1 Energy Plants™, each powered by multiple NuScale Power Modules™, to provide up to 6 GW of firm, 24/7 baseload power.

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Industry News

El Paso Corp Planning to Sell Assets, Cut Dividends

LCG, February 6, 2003-The El Paso Corporation announced plans yesterday to get rid of $2.9 billion in assets, in addition to drastically shrinking dividends.

El Paso controls over 57,000 miles of natural gas pipeline, natural gas production assets, and liquid natural gas assets. Company officials announced that it will likely cut annual dividends nearly 82%, from 87 cents to 16 cents per share.

Additionally, the company intends to sell $2.9 billion in assets and cut its spending by $1.4 billion. El Paso has set a goal of reducing costs by $150 million.

The company has $2.6 billion in liquidity, although it owes $1 billion in debt, due this March, and much of its credit line may have to be used to meet prior obligations.

El Paso sold $3.9 billion in assets last year and intends to sell petroleum assets, in addition to getting out of the liquid natural gas (LNG) business. The company has noted its intention to concentrate on its core, pipeline businesses.

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