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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

Allegheny Energy May Delay Annual Report

LCG, Mar. 10, 2003--A thorough analysis of prior years' financial statements may cause Allegheny Energy to have to release its 2002 Form 10-K and its annual report after March 31st.

The company has been receiving assistance in looking for financial statement errors from independent accountants while the audit of its 2002 results is being conducted. Allegheny plans to restate its books from the first two quarters of last year, and possibly all results through September 30th, 2002. The cause of the investigation was the discovery of errors in certain business units' calculations.

Allegheny obtained a credit faciity worth $2.4 billion last month, enabling it to avoid filing for bankruptcy. The energy company disclosed last week that chairman, president and chief executive Alan J. Noia would retire following a 34-year tenure. Noia will remain at the company until a successor is selected.
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