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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

Alta Wind Energy Center Moving Forward

LCG, March 7, 2007--Alite Wind LLC, a subsidiary of Allco Wind Energy, has ordered 24 MW of the V90-3.0 MW wind turbine from Vestas for installation at the Alta Wind Energy Center, a planned wind farm in Southern California. The turbines are part of the initial phase of a 1,500 MW project and are scheduled to be shipped by Vestas in the third quarter. The initial phase is expected to commence operations in October 2007.

In December 2006, Southern California Edison, signed a 20-year power purchase agreement (PPA) for the electric output from the planned, 1,500 MW wind farm to be built on a 50-square mile area in the Tehachapi area of Southern California. The PPA is with Allco Wind Energy, a division of Allco Finance Group Limited (AFG).

The project is being developed by Alta Innovative Power Co. LLC, a joint venture between Allco Wind Energy and Oak Creek Energy Systems. The project includes 750 turbines and has an estimated cost of $3 billion.

California's renewable energy goals and global warming legislation create a positive regulatory environment for wind developers. However, the PPA will need to be approved by the California Public Utilities Commission. Furthermore, the Commission will need to approve plans to construct a series of new and upgraded high-voltage transmission lines to deliver the power from a remote area to load centers.
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