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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

Dynegy Reaches Settlement Related to CA Energy Crisis

LCG, Apr. 27, 2004--Dynegy Inc. has agreed to a settlement with California and federal authorities, such that its West Coast Power LLC trading unit, which it owns with NRG Energy, will forego payment of $259 million for previous power sales, while it will pay an additional $22.5 million for distribution to power buyers.

The Federal Energy Regulatory Commission and California Public Utilities Commission reached the settlement, which was related to charges that it withheld power from the market on occasions during the period from January 2000 to June 2001.

Under the settlement, the cancellation of outstanding bills for power purchases will be divided among the major California utilities and the California Department of Water Resources. Pacific Gas and Electric Co. will be recognized in the amount of $82.3 million, Southern California Edison with $34.4 million, and San Diego Gas & Electric in the amount of $16.5 million.
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