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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

Duke Proposes Settlement with Carolinas Over Regulated Profits

LCG, Oct. 25, 2002--Profits earned by Duke Energy Corp. through its regulated operations were understated to regulators by $123.6 million from 1998 through 2000, according to a report by auditor Grant Thornton LLP.

According to the auditor, Duke represented its rate of return to the North Carolina Utilities Commission and the South Carolina Public Service Commission (PSC) as lower than that it reported in financial statements to the investment community or the Securities and Exchange Commission. The report, for which information was sought beginning in January, found that accounting entries which lowered pretax operating income were "contrary to applicable accounting practices, industry practices and Duke's past practices."

Duke has said that Grant Thornton's analysis of accounting adjustments and changes "inappropriately characterizes the business process followed, the accounting decisions made and the intent of our employees." It has said that even if accounting entires cited in the report are taken into consideration, the company's rate of return was not far different from that allowed by North Carolina.

Duke has proposed a settlement with the public utility commissions of North Carolina and South Carolina, including a $19 million charge for the fourth quarter. The proposal will be considered early next week by the two state commissions.
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