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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
Progress and Southern Close Another Deal
LCG, October 4, 2006--Progress Energy announced yesterday that the
Georgia Public Service Commission certified Progress Energy's power
purchase agreements (PPAs) to sell 1,039 MW of peaking resources in three tolling contracts to Georgia Power, a subsidiary of Southern Company.
The three PPAs have 15-year terms, beginning June 1, 2009, and are associated with existing electric generating stations located in Georgia. The three stations are comprised of gas-fired, combustion turbine units. Following a lengthy RFP process, the PPAs were executed by Progress Ventures subsidiaries Washington County Power, LLC (302 MW), Walton County
Power, LLC (436 MW) and MPC Generating, LLC (301 MW).
Progress Energy stated that the new tolling agreements are part of its strategy to reduce its risk profile and that the agreements will produce more than $500 million in revenue over the term of the contracts.
The PPAs expand the transactions between Progress Energy and Southern Company. In July, Southern announced that it executed a long-term PPA with Progress Ventures that calls for Southern to provide approximately 621 MW of wholesale electricity to Progress Ventures from 2009 through 2015. For this PPA, the electricity is to be generated by a new, combined-cycle power unit to be built at Plant Franklin, located in Smiths, Alabama. Plant Franklin is owned by Southern's unregulated subsidiary, Southern Power.
In September, Southern Company announced that it has closed on the purchase from Progress Energy of the Rowan County Energy Complex in North Carolina. The gas-fired, electric generating station has a total generating capacity of 925 MW. Earlier this year, Southern Company closed on the purchase of the DeSoto County Energy Complex in Florida, which includes two 160-MW gas-fired units, from Progress Energy.
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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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