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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

E·on Goes Shopping with Nearly $26 Billion

LCG, Dec. 14, 2001--German utility Eon said yesterday it would invest 28.7 billion euros ($25.8 billion U.S.) over the next three years, about 55 per cent of which would be outside Germany. More than 80 percent of the investment will be in the energy sector.

Items on Eon's shopping list include Powergen Plc of Great Britain, for which the German company has budgeted 8 billion euros ($7.2 billion) and Ruhrgas, Germany's largest natural gas company, which could cost Eon 4 billion euros ($3.6 billion).

Ulrich Hartmann, Eon's chief executive, said most of the spending would be in Europe and North America, and could be fully funded from cashflow and the proceeds from the sale of non-core assets. The objective is to make Eon one of the world's leading energy providers.

Last month, the company said it hoped to purchase to large U.S. energy companies and has set aside a war chest of 35 to 40 billion euros ($31.5-$36 billion) for those and other acquisitions.

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