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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

Sithe Obtains Financing for Goreway Station in Ontario

LCG, February 3, 2006--Sithe Global Power LLC announced yesterday that its subsidiary, the Goreway Station Partnership, has closed financing on an approximately C$942 million construction facility for the 880 MW Goreway Station, located near Toronto. An engineering procurement and construction agreement with SNC-Lavalin Power Ontario Inc. has also been executed for the new power plant.

The Goreway Station will be a gas-fired, combined cycle plant that will incorporate General Electric's 7FB gas turbines. The station is scheduled to begin delivering power to the grid by June 2007 in single cycle mode, with full output from the combined cycle mode scheduled to occur by July 2008.
The station output will be purchased by The Ontario Power Authority (OPA), which has entered into a 20-year agreement with respect to the full output of the station. The additional power supply is critical given government commitments to retire existing coal plants and reduce emissions, including greenhouse gases.

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