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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 Will Not Hear California Settlement Complaints

LCG, Oct. 22, 2003--There is no basis for the Federal Energy Regulatory Commission's consideration of objections to the terms of settlements relating to alleged market manipulation in California in 2000-2001, the agency has said.

The conclusion was justified by commissioners' contention that the matters that had led to settlements were investigations, and that parties outside the investigations, such as California officials or representatives of energy purchasers, were not qualified to instigate a review process. The agency said that any opinions it had previously issued that had indicated otherwise were being rescinded.

William Massey, the single Democrat among the Commissioners, objected to the announcement, and said that evidence in the investigations had come from those who were not being allowed to raise objections.

The issue of what California has claimed are $9 billion worth of refunds is being treated in a separate proceeding. The refunds that should ultimately be paid based on FERC's analysis are still being determined. Final determination can only be made once computer models used in the analysis have been finished. The expected date for the calculations is in the spring.
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