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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

CPUC Clarifies Power Bond Measures

LCG, September 26, 2002-The California Public Utilities Commission released more information regarding its power revenue plans.

Wednesday, the California Public Utilities Commission publicized proposals to raise revenue in order cover costs to the state for its purchases of electricity and improve its utilities' credit ratings.

A proposed bond measure, previously announced as being $11.9 billion, may be repaid via utility rates, according to the PUC release. A charge of between $0.64 and $1.07 per kilowatt-hour would be added to rates beyond rates applied to Pacific Gas & Electric utility and Southern California Edison customers.

$6.6 billion of the bond revenue will go to the state's general fund, and the bond sale will be held in about 30 days.

The PUC also proposed a $0.04 per kilowatt-hour charge on rates to be put towards current and future electricity purchases, as was levied during the 2000/2001 energy crisis.

A third surcharge proposal involves placing a $0.027 per kilowatt-hour charge on direct access customers, which would be used to repay the California Department of Water Resources procurement costs. The DWR bought power on behalf of the state during the electricity crisis because utilities did not have good enough credit ratings to sign contracts with energy companies.

The last announced PUC proposal relates to employing bill AB 57, which was passed in order to bring about prompt review of contracts and procurement cost recovery.

Opinion on the proposals will be considered over the next 20 days.

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