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ERCOT Announces Organizational Changes to Promote Grid Reliability, Rapid Demand Growth, and Innovation

LCG, December 12, 2025--Today, the Electric Reliability Council of Texas, Inc. (ERCOT) announced strategic organizational changes designed to accelerate innovation, strengthen grid reliability, and support the unprecedented growth in the demand for electricity across Texas. To meet these objectives, ERCOT created two new organizations: Interconnection and Grid Analysis, and Enterprise Data and Artificial Intelligence (AI). The two organizations will formally launch in January 2026.

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NextEra Energy Resources and Basin Electric Power Cooperative Announce MOU to Develop 1,450-MW Natural Gas-fired Power Plant in North Dakota

LCG, December 8, 2025--Basin Electric Power Cooperative (Basin Electric) and NextEra Energy Resources, LLC (NextEra) today announced that they have signed a memorandum of understanding (MOU) to explore the joint development of the River Run Energy Center, a new combined-cycle natural gas-fueled generation facility in Basin Electric's North Dakota service territory. The proposed facility will have a planned capacity of approximately 1,450 MW.

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Industry News

Enron Treasurer Helping Federal Investigators

LCG, Feb. 26, 2002--A former treasurer at Enron who played a crucial role in setting up off-balance-sheet partnerships has been discussing his knowledge of related transactions with federal prosecutors.

Ben F. Glisan Jr. is under criminal investigation, and according to people familiar with the situation, may or may not be offered a deal of lesser charges or immunity in return for information provided. Glisan helped to structure Raptor partnerships, which the then-chief financial officer Andrew Fastow used to move debt off of Enron's books. He also provided "transaction support" for a partnership known as "Chewco." A request was made by Enron's board in October for Glisan to explain accounting issues relating to that partnership. A later committee report ordered by the board concluded that Glisan was most likely aware that Chewco did not operate independently of Enron, in compliance with company standards.

Investigative subcommittees within Congress have not called Glisan to testify because the strength of a Justice Department criminal case would be weakened by his appearance before legislators, even if he simply invoked his Fifth Amendment rights against self-incrimination.

The willingness of Glisan to take part in dialogue with federal officials is likely due to the advice of his attorney, Henry F. Schuelke 3rd, who is reputed by other lawyers to see some value in cooperation with criminal inquiries when it may offer more to a client than battling prosecutors.
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