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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

Moody's Cuts Debt Ratings of TXU

LCG, October 15, 2002-Moody's Investor's Service cut the debt rating of TXU Europe.

TXU Corporation announced that it will not give TXU Europe the $700 million lifeline expected, and Moody's downgraded the European company's rating. Yesterday TXU Corporation financially "unlinked" itself from its subsidiary in order to protect its own credit.

The subsidiary neglected to pay $31 million yesterday on one of its power supply agreements for the 4,000-megawatt Drax Power Station, and European officials are worried about securing power supply.

TXU Corp. has announced that TXU Europe will sell off assets, estimated at $5.7 billion, and limit its quarterly dividend by 80 percent, bringing it down to $0.125 per share.

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