EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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.

Read more

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.

Read more

Industry News

Dynegy Ex-Executives Plead Guilty to Fraud Charges

LCG, August 7, 2003Former Dynegy executives Gene Foster and Helen Sharkey pled guilty to conspiracy to commit securities fraud.

According to the prosecution, the two bought natural gas from the partnership ABG Gas Supply LLC at $300 million below market price, sold the gas at market price, and recorded the $300 million profit. Allegedly the executives promised ABGs banks a full repayment and therefore the arrangement should have been recorded as a debt instead of a profit. The indictment included a related and allegedly inappropriate $79 million tax benefit.

Sharkey and Foster remain free on bond after entering guilty pleas and will return to court October 24 for sentencing. They have agreed to work with prosecutors.

The two executives were fired in February, and Dynegy has since reevaluated and restated its financial situation. Foster served as vice president for tax matters for Dynegy, and Sharkey was accounting manager.

Copyright © 2025 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service