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News
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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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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
California Capsule: Davis Gets SoCal Ed's Transmission
LCG, April 10, 2001California Gov. Gray Davis announced yesterday that he had reached a deal with Southern California Edison Co. for the state to purchase the utility's transmission system for $2.76 billion."These were tough negotiations," Davis said, "but they've produced a good, balanced deal." The agreement required SoCal Ed to provide low-cost power to the state for 10 years and to withdraw lawsuits seeking increases in retail rates for electricity.It is not a done deal. State Senate President Pro Tem John Burton, a San Francisco Democrat, said he will hold "complete hearings, and then some." Assembly Speaker Bob Hertzberg, a Southern California Democrat, said the legislature will begin work on legislation to implement the arrangement, but he wants details, "including costs to the state."As part of the deal, Davis agreed to allow SoCal Ed to recover at least some if its massive debt from ratepayers. The governor was not specific about the effect on consumer rates if a portion was dedicated to reducing the utility's debt."This deal by our panic-stricken governor is going to raise rates enormously," said consumer advocate Harvey Rosenfield. "He acted to protect his political career at the public's expense."And there was a little more from darkest California.- The U.S. Bankruptcy Court for the Northern District of California yesterday approved a handful of second-day motions by Pacific Gas & Electric Co., which had filed on Friday for protection under Chapter 11 of the bankruptcy law.
- The court granted the company authority to continue to use natural gas revenues to secure future gas supplies, aiming at avoiding disruptions for the utility's millions of gas customers. The court also authorized interim use of cash collateral in which bondholders have a beneficial interest, and set deadlines for a final hearing on the use of the cash collateral.
- In what could be a long-playing and contentious dispute, PG&E asked the court to delay for at least 60 days a requirement approved March 27 by the California Public Utilities Commission that the company rewrite its books back to Jan. 1, 1998. The effect of restating the books could make it appear that the company did not suffer losses buying wholesale power at more than it charged retail customers for it. The company said it believes the CPUC change is intended to interfere with the rights of creditors and shareholders to recover the $8.9 billion PG&E says it has undercollected since last summer.
- It was not clear what the state can do with a partial transmission system.
- As summer approaches, power supplies for California remain insufficient to meet expected demand. Loretta Lynch, president of the CPUC, said "We face the same challenges we did before PG&E filed for bankruptcy," adding that the bankruptcy increased the uncertainty. Ron Low, a spokesman for PG&E disagreed the state's problems are neither more nor less severe as a result of the bankruptcy filing.
- Consumers will notice little or no change. The bankruptcy court will allow the company to operate as usual and will likely prevent any changes to what is perceived as "business as usual."
- The California Independent System Operator had not yet declared a power emergency at 8:00 a.m. this morning, but was predicting "continued deficiencies in operating reserve." The ISO declared today a "generation no-touch day."
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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