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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

Calpine Adjusts Earnings Statements for Last Three Years

LCG, March 4, 2003San Jose-based Calpine Corporation restated its earnings results for 2000, 2001, and 2002 after changing accountants.

2000 earnings were lowered from $373 million to $369 million. 2001 earnings were lowered from $648 million to $623 million, and 2002 earnings were reduced from $142 million to $119 million.

Calpine does not see any major impact from the changes but has also asked the Securities and Exchange Commission to review two power contracts beginning in 2000 to determine if proper accounting was used.

Last March Calpine switched auditors, dismissing Arthur Andersen LLP for Deloitte & Touche LLP.

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