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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
Midwest ISO Files Document on Market Implementation
LCG, Apr. 1, 2004--The Midwest ISO yesterday filed a document with the Federal Energy Regulatory Commission, revising an earlier tariff proposal it submitted last July.The filing reflects the result of lengthy negotiations among ISO members and stakeholders, and includes rules for Day-Ahead and Real-Time market functions, as well as Locational Marginal Pricing (LMP) and Financial Transmission Rights (FTR's). According to the filing, the Midwest ISO would assume the responsibility for centralized dispatch, and for the energy markets and load requirements. Established control area functions would continue to be overseen by Local Control Area Operators, who would use price signals from the ISO itself.Jim Torgerson, president and CEO of the Midwest ISO, said, "This filing, upon acceptance by the Commission, will implement a market that will improve congestion management on the grid and produce consumer savings through the system-wide dispatch of generation throughout the region."
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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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