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SPP's Western Expansion Set for Implementation on April 1

LCG, March 13, 2026--The Southwest Power Pool (SPP) announced yesterday that leaders from the participating organizations voted unanimously to proceed as planned with expanding its regional transmission organization (RTO) services into the Western Interconnection. SPP sees the decision to proceed as planned as a strong signal of confidence as SPP and its partner utilities prepare for this key milestone, which will occur overnight between March 31 and April 1.

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Entergy Estimates Customer Savings of $5B from "Fair Share Plus" Data Center Agreements

LCG, March 6, 2026--Entergy yesterday announced approximately $5 billion in total savings for 2.3 million customers in Arkansas, Louisiana and Mississippi resulting from data center customer agreements in those states. Entergy, which completed its first data center customer agreement in 2024, projects the customer savings over the next 20 years and after the regulatory approval or acknowledgement of the public service commissions in those states.

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Industry News

Credit Rating of Mirant Cut by Moody's

LCG, Oct. 11, 2002--Mirant's exposure to "weak power markets and a continuing lack of investor and counterparty confidence" were cited by rating service Moody's, which downgraded $6.6 billion worth of Mirant debt to a lower sub-investment grade, "Ba3", from a previously issued junk rating.

The merchant energy supplier has $2.7 billion of debt scheduled to expire in 2004. The rating agency found that the company may find it difficult to refinance the debt, although it currently "appears to have adequate liquidity" based on asset sales. Moody's also found that Mirant's cash flow will be reduced by its smaller generation portfolio, which could pose problems if its borrowing costs increase.

Much of the company's ability to shrink its debt load will depend on more asset sales.
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