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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

Alliant Energy to Proceed with 500-MW New Wind Project

LCG, October 28, 2016--Alliant Energy's Iowa-based subsidiary Interstate Power & Light (IPL) announced yesterday that it will proceed with the New Wind Project, which will add up to 500 MW of new wind generation in Iowa. Construction may commence as early as next year. Alliant Energy expects that 250 MW of wind farm electric generating capacity will commence operations in 2019, with the remainder delivering power to the grid in 2020.

The Iowa Utilities Board (IUB) issued a final order regarding the New Wind Project on October 25 that approves, with limited modifications, the settlement between Alliant Energy and customer groups that was filed on October 12, 2016.

"The New Wind Project will benefit our customers, our communities and the state," said the president of IPL. "The wind turbines will generate clean, cost-effective energy for customers. They also create tax revenue for communities, and bring construction jobs and economic growth to the state, making this a win-win project."

Alliant Energy is currently evaluating sites near its existing Whispering Willow Wind Farm and other areas of the state.

In announcements last August, Alliant's CEO stated that the timing of the project is designed to take advantage of the federal wind energy production tax credit (PTC). Similarly, MidAmerican Energy set forth and received approval from the IUB last summer for its plans to construct in Iowa the Wind XI project, with a design capacity of 2,000 MW and an estimated cost of $3.6 billion. Like Alliant's project, the MidAmerican Energy project schedule is driven to maximize the federal PTC, which is set to decline in value by 20 percent by year, beginning in 2017.
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