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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
Likely Buyer of Enron's India Unit Lowers Its Offer Price
LCG, Jan. 23, 2002--Following Enron's initiation of bankruptcy proceedings, BG Group has lowered its offer for stakes in Indian oil and gas fields, and the associated exploration business owned by the embattled company.BG Group, a U.K.-based integrated gas company, first made an offer of $388 million in October, but has revised what it is willing to pay downward in negotiations, to $350 million. The deal is still being developed.The assets in question include the Tapti gas field and the Panna/Mukta oil and gas field, which together yield 70 million cubic feet of gas and 8,200 barrels of oil per day.Another, Indian owner, Oil and Natural Gas Corporation, which has a 40 percent interest (Enron has 30 percent), has sought to prevent BG Group from taking ownership. No progress has been made between BG Group and ONGC in negotiating a compromise regarding ownership and operatorship, which ONGC wants to take over from Enron. The third owner, also Indian, is Reliance Industries.The creditors' committee in Enron's bankruptcy filing has so far not raised any objections to the terms being discussed, which will also require approval by the bankruptcy court.
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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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