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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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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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Industry News

Cinergy Board Approves Poison Pill

LCG, July 28, 2000--Cinergy Corp. said yesterday that its directors had adopted a poison pill giving shareholders the right to purchase additional shares 10 days after acquisition by an investor of 10 percent or more of Cinergys common stock or the announcement of a tender offer or exchange offer which would have that result.

The "shareholder rights" plan, as poison pills are called, would impose economic penalties on a hostile acquirer of Cinergy shares.

Cinergy said the rights plan was not adopted in response to any effort to acquire control of the company, noting that more than 2,000 companies have rights plans, including a majority of the Fortune 500 and more than 40 utility companies.

Under Cinergys plan, shareholders will receive one right for each share of stock they own, distributed as a dividend. Each right will entitle the holder to purchase one share of Cinergy common stock at $100 when circumstances trigger the poison pill.

Cinergy common stock was trading on the New York Stock Exchange at 26 at noon today.

The shareholder rights plan would take effect following approval by the Securities and Exchange Commission.

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