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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

January Gas Shortage in New England Under Investigation

LCG, Jan. 27, 2004--A shortage of natural gas and simultaneous high power prices that occurred in New England in mid-January are the subject of an investigation by the Federal Energy Regulatory Commission's Office of Market Oversight and Investigations, division Director William Hederman, Jr. told Connecticut officials.

The investigation will try to establish whether the reason for the elevated power prices and tight power supplies was based in market fundamentals alone, or whether other factors contributed. The FERC investigation was prompted by a request by Connecticut Attorney General Richard Blumenthal. Blumenthal has been investigating the possibility that power generators chose to sell gas at high prices rather than use it to generate electricity.

The ISO New England, which manages the regional power grid, had warned on Jan. 15 that it was prepared to trigger rolling blackouts if a failure on a line or at a generator made it necessary. The warning was dropped the next day, when the number of available units rose. Blumenthal stated last week that the ISO could have created conditions that led to fewer generators being available. In a statement, the ISO asserted that it had done everything possible to ensure availability of power supplies, although rules that permit generators to sell gas if the plants are not needed for reliability are under review.
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