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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

Mirant May Have Overstated 2001 by $253 Million

LCG, July 31, 2002-Mirant Corporation announced yesterday that it may have overstated assets and liabilities last year by $253 million due to unintentional error.

Mirant said that a law firm hired to look at its 2001 accounts, King & Spalding, found that there were overstated accounts and overstated liabilities.

The company had apparently overstated its liabilities by $100 million, its gas inventory by $85 million, and its accounts receivable by $68 million.

The errors were initially detected when differences in assets and liabilities accounting could not be squared.

In the wake of Enron's collapse, energy companies' shares have plummeted. Mirant has cut 700 jobs, sold $1.12 billion in securities, and sold nearly $1.6 billion in assets in the last 7 months.

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