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ERCOT Announces Organizational Changes to Promote Grid Reliability, Rapid Demand Growth, and Innovation

LCG, December 12, 2025--Today, the Electric Reliability Council of Texas, Inc. (ERCOT) announced strategic organizational changes designed to accelerate innovation, strengthen grid reliability, and support the unprecedented growth in the demand for electricity across Texas. To meet these objectives, ERCOT created two new organizations: Interconnection and Grid Analysis, and Enterprise Data and Artificial Intelligence (AI). The two organizations will formally launch in January 2026.

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NextEra Energy Resources and Basin Electric Power Cooperative Announce MOU to Develop 1,450-MW Natural Gas-fired Power Plant in North Dakota

LCG, December 8, 2025--Basin Electric Power Cooperative (Basin Electric) and NextEra Energy Resources, LLC (NextEra) today announced that they have signed a memorandum of understanding (MOU) to explore the joint development of the River Run Energy Center, a new combined-cycle natural gas-fueled generation facility in Basin Electric's North Dakota service territory. The proposed facility will have a planned capacity of approximately 1,450 MW.

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Industry News

Judge Rejects PG&E Asset Transfer Proposal

LCG, Feb. 9, 2002--A plan by Pacific Gas and Electric Co. to transfer generating assets to its parent company, PG&E Corp., has been rejected by U.S. Bankruptcy Judge Dennis Montali.

The decision was issued Thursday evening. The regulated utility claims that the transfer of power plants, hydropower dams and transmission infrastructure to un-regulated status would allow them to earn higher, market rates. The proceeds, it has said, would be used to repay billions of dollars to creditors.

Montali found that, contrary to PG&E's arguments, bankruptcy law does allow California to prevent the transfer, and that federal law should not supersede state law. Many state laws would need to be overridden to enable the transfer.

Under PG&E's plan, PG&E Corp. would have paid $4.35 billion in cash and securities to the utility, and received assets worth $8.3 billion. A Justice Department representative who is taking part in the bankruptcy proceedings, Linda Stanley, said of the plan, "they seem to be transferring (out) more than the creditors are getting."

The judge set Feb. 27 as the date by which the utility will need to respond to another bankruptcy reorganization proposal, one put forth by the Public Utilities Commission. A spokeswoman for the PUC, Terrie Prosper, said "now there's not a viable plan on the table, so hopefully that leaves room for ours, which is better for consumers."

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