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Vistra to Install New Gas-Fired Units at Permian Basin Power Plant

LCG, September 30, 2025--Vistra Corp. announced yesterday that it will proceed with the next phase of its capital plan to support grid reliability in Texas. In 2024, Vistra identified over $1 billion worth of potential capital additions in generation capacity within the Texas ERCOT market by 2028 if market conditions were supportive. Now, with West Texas' growing power requirements, particularly the state's expanding oil and natural gas industries, Vistra reached a final investment decision and confirms it will build two new advanced natural gas-fired power units on-site at its Permian Basin Power Plant.

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ERCOT Announces New Grid Research, Innovation and Transformation (GRIT) Initiative

LCG, September 24, 2025--Electric Reliability Council of Texas Inc. (ERCOT) yesterday announced its new initiative to increase its efforts to fully use and apply innovation and transformation through industry collaboration to best overcome the challenges and opportunities facing future grid operations. The new Grid Research, Innovation, and Transformation (GRIT) initiative will advance research and prototyping of emerging concepts and solutions to better understand the implications of rapid grid and technology evolution and position ERCOT to lead in the future energy landscape.

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Industry News

Isabel Cuts Power to 5.5 Million

LCG, Sept. 19, 2003--Residents of North Carolina on Thursday sustained the first battering by Hurricane Isabel, which also caused disruption and harm in Virginia, West Virginia, Maryland, New Jersey, Pennsylvania, Delaware, Rhode Island and the nation's capital, with an estimated 5.5 million people losing power through Friday.

The 120-mile-long barrier island chain in North Carolina known as the Outer Banks lost power, as did 1.6 million people in Virginia. It was estimated that power would be restored in Dominion Virginia Power's service territory within a few days. President Bush ordered that federal aid monies be allotted to North Carolina and Virginia.

Winds of over 100 mph struck North Carolina Thursday, but gradually lost speed through Friday, when Isabel, downgraded to a tropical storm, was clocked at about 35 mph. A number of Mid-Atlantic states, which experienced a relatively wet summer, have sustained flooding and resultant water damage. The amount of rainfall varied, with West Virginia recording 5 inches of rain, and Delaware, one to two inches. In Maryland, flooding caused by rain and storm surges along the ocean was called the "No. 1 danger" by Gov. Robert Ehrlich. One-and-a-quarter million residents of the state were calculated to have lost power.

Today, it was reported today by Canadian Broadcast News that 30,000 customers of Hydro One, which distributes electricity to Ontario residents, had lost power due to failed distribution lines. The storm was still pounding the area this afternoon.
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