EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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.

Read more

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.

Read more

Industry News

Maharashtra State Pays Enron India $17 Million

LCG, Feb. 13, 2001Enron Corp. managed to extract yesterday from India's Maharashtra state payment for the state's electricity board's November bill, a sum of $17 million, the United News of India reported.

It was a grueling, three-step process. First, Enron India asked the Maharashtra State Electricity Board, a government-owned utility, to pay for November's power purchased from Dabhol Power Co., a power plant of which Enron owns 65 percent and the MSEB 15 percent. That didn't work.

Then, Enron invoked the guarantee of the state of Maharashtra. The state ignored the company's petition.

Finally, Enron invoked the sovereign guarantee of the federal government of India. That got some attention. New Delhi didn't want to pay the bill, which would set a bad precedent, so it leaned on the state of Maharashtra to force its electricity board to pay up.

Officials of Maharashtra's state government know well that the MSEB can't pay its bills, so the state was forced to step in and pay Enron the $17 million.

That's pretty much how it worked for October's bill, too, and will likely work for December's which is past due and January's which is still current.

The Indian government has made no secret of its desire to attract foreign investment to its power sector. It is also no secret that four major companies, firms with less patience than Enron, have pulled out of power projects in India.

Copyright © 2025 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service