Firm Announcements

On November 18, 2025, the North American Electric Reliability Corporation (“NERC”) released the 2025-2026 Winter Reliability Assessment (“WRA”) which identifies, assesses, and reports on areas of concern regarding the reliability of Bulk Power System (“BPS”) for the upcoming three-month winter season (December-February). NERC reported that winter electricity demand is rising at the fastest rate in recent years, particularly in areas where data center development is occurring. Overall, NERC found that all assessed areas have adequate resources for normal winter conditions during peak load.

High Level Summary of the WRA. Each assessment area was evaluated by considering the Planning Reserve Margins, seasonal risk scenarios, probability-based risk assessments, and other available risk information. Assessment areas were then placed in High, Elevated, or Normal Risk categories. High Risk was defined as the potential for insufficient operating reserves in normal peak conditions. Elevated Risk was defined as the potential for insufficient operating reserves in above normal conditions and Normal Risk is sufficient operating reserves expected.

Key Findings:

  1. All areas assessed were found to have adequate resources for normal winter peak-load conditions. However, more extreme winter conditions extending over a wide area could result in electricity supply shortfalls to the following areas: NPCC Maritimes, NPCC New England, SERC East, SERC Central, Texas RE-ERCOT, WECC Basin, and WECC NW.

  2. The performance of natural gas production and supply infrastructure during peak winter conditions will have a significant effect on BPS reliability.

  3. Cold weather Reliability Standards have been improved prior to the upcoming winter and now address recommendations from winter storms Elliot and Uri.

NERC recommends the following actions:

For more information and assistance please contact Lisa Gast and Sean Neal.