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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

European Firms Get $700 Million to Complete Iraqi Plant

LCG, Sept. 19, 2000The government of Iraq has signed contracts worth $700 million with several European companies to complete a power project halted by U.N. trade sanctions, the Iraq News Agency reported yesterday.

The report from the official news agency Iraq's public relations department did not say which companies were involved or whether they were acting separately of as a consortium.

The plant, about 250 miles north of Baghdad near the city of Mosul, will be completed by firms from England, Germany, Italy, Sweden and Yugoslavia. Money for the program has been set aside from U.N.-authorized oil export revenues.

The news agency did not say whether the U.N. sanctions committee, which examines Iraqi contracts, had approved the program, nor did it disclose the capacity of the power plant. It did say that when it was completed the plant would make up the current power shortage in Iraq.

If it does, the facility will be the mother of all power plants, to borrow a phrase favored by Iraqi strongman Saddam Hussein. According to the news agency, Iraq currently has about 5,000 megawatts of generation while power officials estimate the country's needs at 10,000 megawatts.

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