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SPP Board Approves Alternative, Accelerated Generation Interconnection Process to Improve Regional Resource Adequacy

LCG, May 8, 2025--The Southwest Power Pool (SPP) Board of Directors approved SPP’s proposed Expedited Resource Adequacy Study (ERAS) at its May 6 meeting. SPP developed the new ERAS in collaboration with its stakeholders in response to the growing need to add new generating resources before the region’s generating capacity is outpaced by its electricity demands. ERAS is intended to be a one-time, expedited study process designed to significantly accelerate the addition of new power generation facilities to the grid and address concerns about the near term ability to maintain the affordable and reliable electric service that consumers expect.

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EDP Renewables Completes Scarlet II Solar and Energy Storage Project in California

LCG, May 7, 2025--EDP Renewables North America LLC (EDPR NA) announced yesterday the inauguration of its Scarlet II Solar Energy Park (Scarlet II) in Fresno County, California. This phase of the solar plus energy storage project includes 200 MW of solar capacity, plus a co-located 150 MW/600 MWh battery energy storage system (BESS). The initial phase of the project, Scarlet I, which provides 200 MW of solar and 40 MW/160 MWh of BESS, achieved commercial operations in July 2024.

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Industry News

El Paso Restates Proven Reserves Downward 35 Percent

LCG, Feb. 18, 2004--El Paso Corp. restated its proven natural gas reserves, taking a $1 billion charge based on the reduction in its reserves by 1.8 trillion cubic feet, to 2.6 trillion cubic feet.

The revision, which was announced following the close of markets yesterday, had been expected based on earlier disclosures by the company, although expectations among analysts were for a smaller restatement than was announced. The company informed the Securities and Exchange Commission that the restatement was approaching, and that if officials desired, it would provide further information.

A similar restatement was made in January, when Royal Dutch/Sheel Group of Cos. revised its estimates of proven reserves, by including 3.9 billion barrels' worth of formerly "proven" reserves of oil with totals that were considered within "scope for recovery". Proven reserves are considered recoverable, whereas the latter category indicates a lesser degree of certainty.
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