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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
Interior to Offer Incentives for Gas Drilling in Gulf of Mexico
LCG, Jan. 23, 2004--Royalty relief for companies drilling for natural gas in the Gulf of Mexico were announced today by Interior Secretary Gale Norton as a way of boosting gas supply.The relief would be offered for drilling at depths beyond what is now considered economical, as well as for extensions of existing wells that head in new directions. If the price of natural gas rose to a particular point, the relief would be suspended, Norton said.Johnnie Burton, director of the Minerals Management Service within the Department of the Interior, said, "Since infrastructure and lease-specific facilities are already in place, the Outer Continental Shelf is one of the best available sources for additional near-term domestic natural gas supply to meet the nation's needs." Although Norton acknowledged that the relief would have some impact on the Treasury, she stated that the relief would lead to employment in drilling and a savings to consumers of about $570 million.
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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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