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Vistra to Install New Gas-Fired Units at Permian Basin Power Plant

LCG, September 30, 2025--Vistra Corp. announced yesterday that it will proceed with the next phase of its capital plan to support grid reliability in Texas. In 2024, Vistra identified over $1 billion worth of potential capital additions in generation capacity within the Texas ERCOT market by 2028 if market conditions were supportive. Now, with West Texas' growing power requirements, particularly the state's expanding oil and natural gas industries, Vistra reached a final investment decision and confirms it will build two new advanced natural gas-fired power units on-site at its Permian Basin Power Plant.

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ERCOT Announces New Grid Research, Innovation and Transformation (GRIT) Initiative

LCG, September 24, 2025--Electric Reliability Council of Texas Inc. (ERCOT) yesterday announced its new initiative to increase its efforts to fully use and apply innovation and transformation through industry collaboration to best overcome the challenges and opportunities facing future grid operations. The new Grid Research, Innovation, and Transformation (GRIT) initiative will advance research and prototyping of emerging concepts and solutions to better understand the implications of rapid grid and technology evolution and position ERCOT to lead in the future energy landscape.

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Industry News

NRG, Dynegy Acquire Two Plants from Nevada Power

LCG, Nov. 20, 2000--NRG Energy Inc. and Dynegy Inc. announced jointly this morning that they will purchase two Las Vegas-area power plants with a combined capacity of 1,330 megawatts from the Nevada Power Co. subsidiary of Sierra Pacific Resources.

The 740 megawatt Clark Generating Station located in southeastern Las Vegas consists of 10 natural gas-fired units that can burn fuel oil as a backup.

The 605 megawatt Reid Gardner Generating Station, located 52 miles northeast of Las Vegas, consists of four baseload coal-fired units. Three 110 megawatt units are wholly owned by Nevada Power while a fourth 275 megawatt unit is jointly owned by Nevada Power and the California Department of Water Resources.

NRG and Dynegy will acquire Nevada Power's 85 percent interest in the fourth Reid Gardner unit and the California water agency will retain its 15 percent interest.

The sale of generation assets is a regulatory condition of the 1999 merger between Sierra Pacific Power Co. and Nevada Power Co. that formed Sierra Pacific Resources. Last month, NRG was named the successful bidder for Sierra Pacific's 50 percent interest in the 522 megawatt coal-fired North Valmy Generating Station and 100 percent interest in 25 megawatts of peaking units in northern Nevada.

The acquisition of Clark and Reid Gardner includes a transitional power purchase agreement for Nevada Power to purchase energy and ancillary services until March 1, 2003 under a contract the companies say will help provide price stability for its customers throughout the transition to an open market in Nevada.

The transaction is subject to approvals from the Federal Trade Commission, the Federal EnergyRegulatory Commission and the Nevada Public Utilities Commission. It is expected to close duringthe second quarter of 2001, the companies said.

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