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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

AES to Acquire 600 Megawatt South Africa Plant

LCG, Nov. 9, 2001--AES Corp. said this morning that it and a minority partner, Global African Power, Ltd., have entered into agreements to purchase a 50 percent interest the 600 megawatt coal-fired Kelvin Power Station in the Republic of South Africa for $23 million.

AES said it will own 95 percent of the joint venture that is buying the plant, with GAP having an option to increase its ownership to 13 percent over five years.

The plant, which is located on the outskirts of Johannesburg, will sell it's entire output to City Power Johannesburg Pty Ltd, the distribution company for the City of Johannesburg, under the terms of a 20 year power purchase agreement.

The joint venture is buying the plant from the City of Johannesburg's municipal utility, which will retain a 50 percent interest.

In addition to the purchase price, AES has committed to invest about $15 million in capital to modernize the plant, including pollution control upgrades, and expects to spend another $11 million for worker transition costs over the first three years of operation.

John Stanley-Miller, AES project director, said "This is a good business for AES as we have a 20 year power purchase agreement with a fixed capacity payment, hedged against exchange rate risk and a pass-through on the energy cost. The structure of the contract means that AES does not take either heat rate or fuel price risk".

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