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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

Newsmakers

Richard K. Gordon has been elected a director of natural gas distributor Atmos Energy Corp. He is vice chairman for investment banking with Merrill Lynch & Co.

Richard K. McGee was named president and chief executive of the Duke Energy International unit of Duke Energy Corp., replacing Bruce A. Williamson. McGee joined Duke Energy in 1999 as vice president and general counsel of Duke Energy Services.

Michael S. Peck has been assigned by the Nuclear Regulatory Commission as resident inspector at the Richland, Wash. nuclear power plant operated by the Washington Public Power Supply System. He makes the move from the nearby Hanford facility of the Department of Energy.

Carlos Saladrigas has been elected a director of Progress Energy Inc. effective September 1. He is chief executive of ADP TotalSource and chairman of Premier American Bank in Miami, Fla.

Bruce A. Williamson has been named president and chief executive of the newly created Duke Energy Global Markets unit of Duke Energy Corp., with responsibility for all Duke Energy business units with global commodities and international business positions. He has been president and chief executive officer of Duke Energy International since 1998.

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