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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

Ratepayers to Pay for Stranded Assets in Texas

LCG, Feb. 4, 2004--The extensive building of new power plants in Texas has rendered many older plants less profitable than they would otherwise be, but according to the state's 1999 deregulation law, the impact on utilities will be reduced through stranded asset charges on consumers' electricity bills.

The amounts of such charges will be greater than utility commissioners or lawmakers anticipated, and stem in part from the fact that little surplus power generated within the state can be exported to neighboring regions.

Stranded asset charges are essentially calculated as the difference between plants' book value and their market value, which are expected to be between $4 billion and $5 billion for CenterPoint Energy Inc., originally Houston Power & Light. This averages approximately $1,000 per customer around Houston. The charges will mean that consumers will not receive refunds as had been anticipated by the Public Utility Commission of Texas in 2001. In the case of TXU Corp., however, a 2002 settlement of $1.3 billion has limited the amounts to be paid by ratepayers for older plants.

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