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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

AREVA Pursues Clean Energy Park Project in New Brunswick

LCG, July 9, 2010--AREVA signed a letter of intent yesterday with the Province of New Brunswick and New Brunswick Power (NB Power) to develop a Clean Energy Park project near the Point Lepreau nuclear station. The project may include AREVA's nuclear and renewable technologies.

The letter of intent (LOI) provides for NB Power, the provincial government and AREVA to work "intensively" to complete an agreement by the end of this year.

AREVA will evaluate the feasibility of constructing a mid-sized, light water, generation III+ nuclear plant. Given a positive outcome, AREVA would manage the design, construction and financing of the reactor, while NB Power would support the licensing process and operate the facility.

The LOI indicates that the Clean Energy Park project would potentially incorporate renewable power generation, such as biomass, offshore wind, and concentrated solar power (CSP) facilities.

The existing Point Lepreau station commenced operations in February 1983 and consists of one CANDU-6 nuclear unit, with a net capacity of 635 MW. The site was initially approved to be home to two reactors. NB Power began refurbishing the facility in April 2008, and the project is behind schedule. The refurbishment is expected to extend the station's life to 2032.

In April, AREVA announced an agreement with the Fresno Nuclear Energy Group (FNEG) to develop a similar Clean Energy Park, including a nominal 1,600 MW U.S. EPR™ reactor, in California. In June of last year, AREVA and Duke announced that they were exploring the development of a Clean Energy Park in Ohio.

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