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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

El Paso Will No Longer Trade Energy

LCG, Nov. 8, 2002--El Paso Corp.'s energy-trading portfolio will be liquidated and transferred to another, separately capitalized unit in order to protect the balance sheet and credit of the company.

The central unit's revenue was down compared with the previous year by $336 million, while $96 million worth of contracts valued through mark-to-market accounting had to be removed from revenue. Within two years, El Paso expects it will have completely rid itself of its portfolio, which will go to Travis Energy Services.

El Paso's trading division has received unwanted attention following a ruling by an administrative law judge with the Federal Energy Regulatory Commission that an El Paso pipeline prevented gas from flowing into California, driving up prices of gas and electricity, adding up to an additional $3 billion needed for energy spending.

"While overall earnings were hurt by weak trading and refining results, our core businesses of pipelines, production, midstream, and power produced strong earnings and cash flow in a difficult quarter," William A. Wise, the chairman and chief executive, said in a statement.

El Paso's pipeline business and oil and gas production have seen earnings increase 11% and 5.9% respectively over last year's results. Its field-services unit experienced a loss of $11 million.
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