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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

FERC Requests Information on Megawatt Laundering

LCG, Feb. 19, 2002--The California Independent System Operator has been asked by staff of the Federal Energy Regulatory Commission for details relating to past trading and energy generation by companies that exhibit similarities with strategies used by bankrupt Enron Corp.

The ISO produced a report in October which concluded that 20 energy trading companies may have profited by selling output in California through out-of-state trading partners, to avoid price caps within the state. Known as "megawatt laundering," the behavior may have led to millions of dollars in higher costs to the state. Although the report covered the period 1998-2002, FERC will only consider refunds for trading between Oct. 2, 2000 and June 20, 2001.

FERC will consider additional evidence through the end of the month as it decides on whether to grant up to $8.9 billion in refunds. The evidence of megawatt laundering could take the form of schedules submitted to the ISO, which would indicate when and where power would be generated. Enron's actual power generation and transmission of power were sometimes inconsistent with actual usage of the transmission system, allowing it to be paid for relieving congestion where none actually existed.
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