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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 Buys Geothermal Assets in Northern California

LCG, Oct. 31, 2001--Calpine Corp. yesterday announced it had acquired two subsidiaries of Mid-American Energy Holding Co. and in the process got the companies' geothermal resource assets, contracts, leases and development opportunities associated with the Glass Mountain Known Geothermal Resource Area in Siskiyou County, Calif., near the Oregon border.

Financial details of the deal were not disclosed.

Before the acquisition of California Energy General Corp. and CE Newberry Inc., Calpine owned about 40 percent of the leases in the 66-square-mile area, and says that the two acquisitions give it "essentially all" of the development rights within the Glass Mountain area.

Calpine said the purchases are directly related to its plans to develop the 49.5 megawatt Fourmile Hill Geothermal Project located in the Glass Mountain area. Power from the project, which is in advanced development and is projected to be online by late 2004, is committed to Bonneville Power Administration under a 20-year contract.

Fourmile Hill has also qualified for a California Energy Commission renewable energy production incentive which is valid for the first five years of the facility's operation and is valued at up to $21 million, Calpine said.

"We are pleased with the initial resource data and are confident about the potential of the Glass Mountain (area) as a new green power resource," said John Miller, Calpine vice president of program development. "This transaction strengthens our commitment to renewable energy and reflects Calpine's strategy to manage the entire geothermal resource. In doing so, we will be better positioned to optimize power production and effectively coordinate the power production with other important uses of the area."

Calpine has been involved in geothermal power production since 1985 and, through its operations at The Geysers north of San Francisco, generates about 850 megawatts, making the company the largest producer of electricity from renewable geothermal resources in the world.

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