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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

Calpine Receives Project Financing to Complete Metcalf Energy Center

LCG, February 3, 2005--Calpine Corporation announced yesterday that it had received a $100 million, non-recourse credit facility from ING Capital LLC and Bayerische Landesbank's New York operations to complete the Metcalf Energy Center, located in San Jose, California. Commercial operations of the 600-MW, combined-cycle power plant are planned to commence in June 2005.

Calpine stated that it will sell the entire output from the gas-fired plant to its wholly ownedsubsidiary, Calpine Energy Services, L.P., who in turn will sell power to large wholesale customers and into the daily energy market. The project finance facility will mature in July 2008.

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