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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

South Korean Power Strike Continues

LCG, Mar. 28, 2002--According to Korea Electric Power Co. (KEPCO), South Korea's state-owned power company, approximately 35 percent of striking workers at numerous facilities, or 2,200 overall, have broken ranks with other unionized workers and returned to work.

The strike is in its 31st day, and government and management officials now say that only after the strike has been declared over by its leaders will they return to the negotiating table. The union has not accepted privatization, and was told last week that members would be fired Monday of this week if the strike were still in effect.
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