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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
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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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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