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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

Calpine Receives Project Financing to Complete Metcalf Energy Center

LCG, February 3, 2005--Calpine Corporation announced yesterday that it had received a $100 million, non-recourse credit facility from ING Capital LLC and Bayerische Landesbank's New York operations to complete the Metcalf Energy Center, located in San Jose, California. Commercial operations of the 600-MW, combined-cycle power plant are planned to commence in June 2005.

Calpine stated that it will sell the entire output from the gas-fired plant to its wholly ownedsubsidiary, Calpine Energy Services, L.P., who in turn will sell power to large wholesale customers and into the daily energy market. The project finance facility will mature in July 2008.

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