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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

Construction Begins on 500 MW NYC Plant

LCG, Apr. 19, 2004--Construction of a new 500-megawatt power plant will begin immediately, according to Astoria Energy, an investor group that is undertaking the gas-fired, combined-cycle project in New York City.

The plant will be the largest constructed in the city for the past 25 years, and is expected to be completed by April 2006. The 500 megawatts of capacity is only the first phase of an approved 1,000-megawatt facility. In addition to running on natural gas, the plant will be permitted to switch to fuel oil for as many as 720 hours per year (equivalent to 30 days).

Output of the plant was secured under a 10-year contract signed by the owners with a subsidiary of Consolidated Edison Inc. that provides power and gas to the city.
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