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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

Profits of Enron Gas Subsidiary Ordered Refunded

LCG, July 18, 2002--The Federal Energy Regulatory Commission (FERC) yesterday ordered Transwestern Pipeline Co. to refund profits made on two gas supply deals in early 2001.

The company, which is a subsidiary of Enron Corp., sold gas to Richardson Products Co. and Sempra Energy Trading Corp., after the companies were notified in advance that capacity on Transwestern pipelines would be auctioned in February and March of 2001. The companies were the only bidders for the capacity. Rather than paying regulated rates, the companies signed deals at prices many times above such rates.

The FERC found that the deals violated rules concerning arms-length transactions. In some cases, negotiated deals are allowed, but Pat Wood said of the circumstances under which the deals were made, "There was no incentive to keep prices down....They could pass it on to an energy-starved electric market." Early 2001 marked California's energy crisis, in which an apparent shortage of supply and poor market design led to ever-higher wholesale power prices.

Transwestern will be given 30 days to pay refunds to the companies. One transaction allowed Transwestern a payment of $232,200 in a day, rather than $3,800, the amount which FERC found would have been justified.
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