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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

California PUC Postpones Rate Decision

LCG, Feb. 9, 2002--The California Public Utilities Commission will delay a decision on charges to be assessed to repay the Department of Water Resources for electricity purchases.

The DWR paid for electricity purchases in the state last year when suppliers would no longer sell to the state's utilities, which experienced wholesale power costs well in excess of what they could charge customers. The commissioner Carl Wood asked that additional time could be allowed to consider an alternative to the proposed plan to assess charges evenly within customer classes in all parts of the state.

This allocation of costs, known as the "postage stamp" method, criticized by San Diego Gas & Electric because the utility had lower rates than Pacific Gas and Electric and Southern California Edison, and required less in the way of state purchases as a result. The company and a group of its customers is advocating that the PUC vote in favor of charges based on the cost to DWR of supplying the different service territories.

The postage stamp method is favored by the Utility Consumer Action Network in San Diego and The Utility Reform Network, based in San Francisco. Mindy Spatt of TURN said, "these aren't typical utility cots because the power was purchased for the benefit of everyone in the entire state."

San Diego Gas & Electric spokesman Ed Van Heric hopes that the PUC's delay, which he called "a cause for optimism," will end with a ruling for cost-based allocation on Feb. 21.
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