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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
Utilities Allowed to Borrow for Pre-Payments for Electricity
LCG, Aug. 1, 2003--Utilities will be able to use a low-cost method of financing for electricity purchases that had previously been allowed for just natural gas supplies, based on similar tax treatment by the Internal Revenue Services.Memphis Light, Gas & Water is one of the utilities that had lobbied to have the ability to issue tax-exempt municipal bonds. In this case, power sales of $1.5 billion were made by the Tennessee Valley Authority to the utility at a discount. Sen. Bill Frist, R-Tenn., a supporter of the measure, noted that "Memphis ratepayers will save money for years to come, and TVA will receive needed cash which it can use to further reduce its debt."The utilities had wanted to see temporary regulations be finalized this year, in order to assure a supply of electricity at a low price. The low cost comes about due to the purchase being pre-paid, while the utilities' concern about tax treatment had lain in the possibility that the discount would be viewed as an investment-type gain, due to the yield of the bonds being less than the rate of the discount. Arbitrage regulations govern the investment of bond proceeds by issuers. Probes by the IRS that ended last year did not lead to a determination that any violations had occurred.
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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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