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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

California PUC to Consider Power Rate Reduction

LCG, May 13, 2003--Modified "revenue requirements" at the California Department of Water Resources (DWR), requirements stemming from past power purchases, could mean that the California Public Utilities Commission will decide to put in effect a rate reduction for power customers of the three largest California utilities.

The DWR would continue to receive payments from the utilities - Pacific Gas & Electric, Southern California Edison, and San Diego Gas & Electric - in order to repay the agency for purchases which ended at the end of 2002. Gov. Gray Davis was to announce the possible rate cut this afternoon, and will press the PUC to implement a rate cut as soon as possible.

The commissioner Carl Wood said that the reduction is "doable by the end of the year if it's justified. A reduction would be very welcome."

Mindy Spatt, spokeswoman for The Utility Reform Network, said "We will take any reduction we can get because consumers are paying very inflated rates." Rate cuts for each of the three utilities' customers are under consideration. A rate increase of up to 40 percent in some cases was put in place in 2001, following rapid deterioration in the financial health of the utilities as power prices spiked in 2000 and 2001.
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