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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

New Hampshire Electric Rates to Drop 10 Percent

LCG, March 29, 2001Customers of Public Service Co. of New Hampshire will see a 10 percent reduction on their electric bills when the state's electric deregulation plan finally begins on May 1, the company said yesterday.

PSNH, with 430,000 customers, is the largest utility in New Hampshire. The May 1 starting date for deregulation was arrived at after major credit rating agencies said the utility would be able to market the stranded cost bonds necessary for the rate cut.

The 10 percent rate cut is on top of a 5 percent reduction that took effect last fall, giving consumers an overall cut of 15 percent..

As part of the deregulation plan, PSNH customer will, beginning May 1, have the option of choosing an alternative supplier of electricity. The utility will continue to deliver the power and bill for it. Residential and small business customers will have a transition period of two years and nine months to switch suppliers. Those who don't switch will be provided with standard offer service and prices.

PSNH will no longer own generating assets, including its interest in the Seabrook nuclear plant, but Gary Long, president and chief operating officer, does not see the supply problems that led to the collapse of California's deregulation scheme.

"Looking forward, our region has a good supply of power, and more plants are under construction. We also have a healthy diversity of power facilities using various fuels," Long said. "As the competitive market develops, I am confident we will avoid the sort of supply crisis which is affecting California."

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