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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
Mirant Adjusts Balance Sheet Downward
LCG, August 16, 2002--A series of mistakes caused Mirant's balance sheet to be overstated by $1.1 billion at the end of last year, the gas trader and merchant power developer announced.Mirant did not provide details of the ways in which its assets and liabilities had been misstated, but said it does not anticipate that operating income, expenses, net income, liquidity or cash flow will be affected by the discovery. It certified its 2001 filings and first-quarter financial results with the Securities and Exchange Commission this week.Previous mistakes in operating results amounting to $253 million were disclosed by the company two weeks ago. "We're hard at work resolving these remaining issues," Marce Fuller, Mirant's chief executive said in a statement. "These were honest mistakes."Prior to the most recent disclosure, Mirant's assets and liabilities were equal to $22.8 billion.
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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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