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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

Dynegy Warns on Possible Bankruptcy

LCG, Aug. 15, 2002--Dynegy Inc. said in quarterly filings with the Securities and Exchange Commission yesterday that its ability to avoid bankruptcy will depend on its success in raising $2 billion through key asset sales.

The company also disclosed that the SEC believed that the company's financial reporting relating to a gas-trading transaction, Project Alpha, and energy trades with CMS Energy, were in violation of antifraud and federal securities laws. The filing also noted that the U.S. Attorney's office in Houston is looking into the company's investment with Black Thunder Investors in Caitlin Associates. Black Thunder contributed $850 million to Dynegy's $100 million, with Caitlin having "indirect economic interests" in Dynegy's Midwestern power generation assets.

In a statement regarding a pending $928 million pipeline sale, the company said that if it "is unable to complete the Northern Natural sale in the near term or other elements of its strategy prior to the second quarter 2003, it may be forced to consider other strategic alternatives or a possible reorganization under the protection of bankruptcy laws." Dynegy did not meet a deadline yesterday to certify its second-quarter financial results as ordered by the SEC. It expects to do so following the re-audit of the past three years' results by auditor PriceWaterhouseCoopers, by the end of 2002.
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