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ERCOT Announces Organizational Changes to Promote Grid Reliability, Rapid Demand Growth, and Innovation

LCG, December 12, 2025--Today, the Electric Reliability Council of Texas, Inc. (ERCOT) announced strategic organizational changes designed to accelerate innovation, strengthen grid reliability, and support the unprecedented growth in the demand for electricity across Texas. To meet these objectives, ERCOT created two new organizations: Interconnection and Grid Analysis, and Enterprise Data and Artificial Intelligence (AI). The two organizations will formally launch in January 2026.

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NextEra Energy Resources and Basin Electric Power Cooperative Announce MOU to Develop 1,450-MW Natural Gas-fired Power Plant in North Dakota

LCG, December 8, 2025--Basin Electric Power Cooperative (Basin Electric) and NextEra Energy Resources, LLC (NextEra) today announced that they have signed a memorandum of understanding (MOU) to explore the joint development of the River Run Energy Center, a new combined-cycle natural gas-fueled generation facility in Basin Electric's North Dakota service territory. The proposed facility will have a planned capacity of approximately 1,450 MW.

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Industry News

Mirant Cancels South Korean Plant

LCG, July 24, 2002-U.S. company Mirant Corp. has changed plans to construct a 520 MW plant in South Korea and has plans to pull out of South Korea completely.

Previously, Mirant had announced that it would invest $300 million in South Korea once the country had begun privatizing its electricity industry, a move slated to begin later this year.

Now the company intends to sells its right to build a plant and later withdraw entirely from the South Korean market.

Financial concerns have added to the decision, and Mirant is concentrating on limiting debt and therefore has plans to sell $1.6 billion in assets.

Mirant's Singapore office will close, and the company's Asia-Pacific staff has been cut by about 35 percent.

Earlier this year South Korea decided to proceed with privatizing its electricity industry despite significant public protest and striking.

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