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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

Federal Judge Won't Block SoCal Ed Settlement

LCG, Nov. 12, 2001--U.S. District Judge Ronald Lew on Friday refused to delay a settlement between Southern California Edison Co. and state regulators designed to allow the utility to recover $3.3 billion of its debts and help the utility avoid bankruptcy.

A San Francisco-based consumer "watchdog" organization, The Utility Reform Network (TURN), had asked the court for a stay of the agreement reached between SoCal Ed and the California public utilities Commission.

Judge Lew, who had approved that settlement on October 5, said further delay would risk harming the utility, its creditors, its customers and the general public. He called TURN's arguments "repetitive" and "without merit."

Michael Strumwasser, a TURN lawyer, said "We are not surprised that Judge Lew turned us down given his prior rulings," and promised to pursue a stay in the U.S. 9th Circuit Court of Appeals in San Francisco.

The utility said it was confident that the settlement would not be derailed. "This ruling reaffirms that settlement. We're pleased. It's an important step in the process," said Stephen Pickett, a SoCal Ed attorney.

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