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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

British Energy Sells Retail Electric Supply Business

LCG, Aug. 7, 2000--British Energy Plc, the largest United Kingdom nuclear power generator, has sold its residential electricity and gas supply business to Scottish and Southern Energy, the Financial Times of London reported this morning.

The 210 million ($316 million U.S.) cash sale of Swalec will allow British Energy to focus on wholesale contract sales and direct sales to industrial and commercial customers ahead of the introduction of new electricity trading arrangements in November, the paper said.

Scottish and Southern has also signed a 10-year power purchase agreement to buy 10 terawatt hours of electricity a year from British Energy for the first five years, falling to 7.5TWh a year thereafter.

Peter Hollins, British Energys chief executive, said the new power trading scheme had made residential marketing unattractive to his company. "Through the deal announced today, we have sold our retail business to a good home and have secured a long-term take-off contract for around 20 per cent of our output in England and Wales," he said.

Swalec has 850,000 electricity and 300,000 natural gas customers. The deal will push Scottish and Southerns total customer numbers to the critical 5 million level thought to be needed to compete in the UK supply market, the Financial Times said.

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