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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

FERC Forced to Release Report on Williams and AES Communications

LCG, Nov. 15, 2002--Conversations transcribed in a Federal Energy Regualtory Commission report detail what appears to have been an agreement to keep a Southern California power plant from providing power, which allowed Williams to sell power at a higher-than-expected price to the California Independent System Operator.

Williams had hoped to avoid the release of the FERC report, which FERC had earlier warned it would release unless the company agreed to erase $8 million in charges to the CAISO, which contested them as unwarranted. Although Williams agreed not to pursue the charges, a public-records lawsuit brought by The Wall Street Journal against the FERC compelled the report's release. Representatives for Williams and AES responded to the report by characterizing their communications in May 2000 as well-known and not deserving of attention. Williams settled a lawsuit brought by California this week, rewriting long-term contracts with the state to avoid further legal action.

The conversations between the companies concerned the AES Alamitos plant, from which Williams was buying and marketing power. Any power that could not be delivered as planned would and did bring a price of $750 per megawatt-hour, rather than the price of $63 in the schedule. In this case, units within the same plant provided power because the units specified in the schedule were on outage for maintenance. The additional cost to the CAISO over a fifteen-day period was estimated at $10 million.

Rhonda Morgan of Williams was quoted as saying to an AES employee at the plant, "it wouldn't hurt Williams' feelings if the outage ran long." The president of Williams Energy Marketing & Trading, Bill Hobbs, said that the release of the information against the wishes of FERC "doesn't add anything to the dialogue...", and said that AES received no compensation based on the communications.
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