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ERCOT Announces Organizational Changes to Promote Grid Reliability, Rapid Demand Growth, and Innovation

LCG, December 12, 2025--Today, the Electric Reliability Council of Texas, Inc. (ERCOT) announced strategic organizational changes designed to accelerate innovation, strengthen grid reliability, and support the unprecedented growth in the demand for electricity across Texas. To meet these objectives, ERCOT created two new organizations: Interconnection and Grid Analysis, and Enterprise Data and Artificial Intelligence (AI). The two organizations will formally launch in January 2026.

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NextEra Energy Resources and Basin Electric Power Cooperative Announce MOU to Develop 1,450-MW Natural Gas-fired Power Plant in North Dakota

LCG, December 8, 2025--Basin Electric Power Cooperative (Basin Electric) and NextEra Energy Resources, LLC (NextEra) today announced that they have signed a memorandum of understanding (MOU) to explore the joint development of the River Run Energy Center, a new combined-cycle natural gas-fueled generation facility in Basin Electric's North Dakota service territory. The proposed facility will have a planned capacity of approximately 1,450 MW.

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Industry News

Natural Gas and Heating Oil Price Forecast Released

LCG, Oct. 8, 2003--The Department of Energy has forecast that the wholesale cost of natural gas will be 9 percent higher during the upcoming winter relative to the previous winter, roughly double prices seen several years ago.

Supplies are predicted to be tight, even if temperatures are in the normal range. If the need for natural gas and heating oil for residential use is higher due to unusually cold temperatures, the cost of heating homes could rise by 22 percent over the cost last year.

Guy Caruso, who heads the Energy Information Administration (EIA) within the Department of Energy, said the forecast EIA released took into account tight supplies of gas and heating oil, as well as crude oil and petroleum products generally. Caruso told the Associated Press, "There's not a lot of cushion if something goes wrong."
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