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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

Idaho Power to Boost Electric Rates 23 Percent

LCG, May 2, 2001--The Idaho Public Utilities Commission yesterday granted the largest electricity rate hike in the history of Idaho Power Co. and there may be another increase in rates this summer. The new rates will take effect immediately.

In a unanimous ruling, the PUC gave Idaho Power permission to collect $168.3 million of the $227.4 million the company had asked for in its annual power cost adjustment filing, essentially boosting overall rates by about 25 percent.

Idaho Power chief executive Jan Packwood acknowledged "This is one whopping rate increase," but noted that the bulk of the increase about three-quarters of it was to cover the high costs of wholesale power which have soared as a result of the deregulation fiasco in California.

"We understand this will create hardships for some people," Packwood said. "It certainly will have ramifications for the Idaho economy as well."

The PUC will hold hearing again this summer to see if another rate hike is justified, and it could be, given the expected high cost of wholesale power likely to result when California tries to avoid rolling blackouts by having state agencies purchase power in the spot market.

"I hope everyone recognizes by now that we are in the midst of an unprecedented energy crisis, and during such times it is essential that rates for customers not be set artificially low," Packwood said. "We anticipate that prices will remain high throughout this year and into next. It is in no one's interest ifwholesale prices are sky-high and not reflected in the actual prices that customers pay."

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