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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

Former Executive Involved in Project Alpha at Dynegy Sentenced

LCG, Mar. 29, 2004--Jamie Olis, a former executive and tax-planning specialist at Dynegy Inc., was sentenced to prison for more than 24 years by a federal judge in district court in Houston last week.

Olis, 38, decided to plead not guilty to charges stemming from his role in setting up Project Alpha, which characterized a loan as cash flow. Project Alpha was said to make the company's financial condition appear better than it actually was. The sentence was based on recently imposed sentencing guidelines for business crimes. Under the earlier guidelines, Olis' conviction might have resulted in a seven-year sentence.

Prosecutors contended that Project Alpha should be considered for its impact on Dynegy shareholders, who experienced investment losses when the nature of the accounting scheme was revealed. Two others who took part in the accounting treatment, including Gene S. Foster, Olis' former boss, and Helen C. Sharkey, a former specialist in risk-assessment, submitted guilty pleas and are likely to receive sentences of less than five years. Mr. Olis' lawyer, David Gerger, was quoted in the New York Times as saying, "The government is on a witch hunt, and today the witch hunt netted a very small fish."
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