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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

Scottish Power May Bid $3 Billion for Portland General

LCG, April 30, 2001Scottish Power Plc, the big British electric company that bought PacifiCorp, a multi-state U.S. utility in the Pacific Northwest in 1999, was said yesterday to be considering a $3 billion offer for Enron Corp.'s Portland General Electric Co.

A $3.1 billion deal for Enron to sell Portland General to Sierra Pacific Resources Inc. broke down last week after Nevada put its electric deregulation scheme on hold for fear that problems besetting California might wash across the border between the states. Sierra Pacific had counted on using proceeds from the sale of its Nevada power plants to pay Enron for the Oregon utility, but the plant sales were frozen by Nevada's action.

The British newspaper The Observer observed yesterday that Portland General would be a "perfect fit" with PacifiCorp, which does business in California, Washington, Wyoming, Utah and Idaho, as well as Oregon.

"Portland sits in the middle of PacifiCorp territory in Oregon," an unnamed source told The Observer. "There would be added customers and big synergies in infrastructure, operations, and head office functions. It would make sense."

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