July 29, 2024
Parties In Texas PUC Proceeding On Interpretation Of Fixed Price Rule Reach Consensus, File Proposed Declaratory Order
"All parties" to a relevant Texas PUC proceeding concerning permissible changes to a REP's fixed prices have stated…
HomeNews By Docket & Bill NumberDocket 52322
Docket 52322
Narrow these results by state, topic, company or docket — filters stack, and every story shown carries all of them.
March 7, 2024
Texas PUC To Move Forward With Full Consideration Of Fixed Price Rule Interpretation & Securitization Charges, Citing Need For Market Certainty
The Texas PUC will proceed with full consideration of…
January 10, 2024
ERCOT Seeks Texas PUC Ruling Excluding Lubbock Customers From Uri Securitization Charges (Impacts REP Pricing)
ERCOT today filed two separate petitions at the Texas PUC seeking orders declaring that customers within Lubbock Power & Light will not be subject to various Uri securitization charges under both PURA Subchapter N and Subchapter M
August 28, 2023
Texas PUC Staff Says ERCOT Securitization Charges, Which May Vary By Month, Are Not "Pass Through" Charges, And Are Instead Recurring Charges (REP's Fixed Rate Cannot Be Changed), Seeks PUC Confirmation
Also Seeks Guidance That Securitization Charge Opt-Outs Are Not Transferable
Staff of the Texas PUC requested guidance from the Commission regarding two issues that relate to the implementation of the ERCOT Debt Obligation Order that was filed on October 13, 2021 in Docket No. 52322 (the uplift financing program for certain Uri costs)
July 15, 2022
ERCOT Posts List Of ESI IDs Of Transmission-Voltage Customers Opting-Out Of Securitization Process
ERCOT has posted a list of ESI IDs of customers which have opted out of the ERCOT Subchapter N securitization process
May 17, 2022
Texas PUC Seeks Briefs On REP Obligations Concerning Securitization Proceeds, Customer Complaints, Applicability To Large Customers
As directed by the Commission at its recent open meeting, Texas PUC Docket Management issued an order seeking briefs concerning…
October 28, 2021
"We've Got To Close The Loopholes" On REP Contract Pass-Throughs, Texas PUC Commissioner Says
During a discussion of the impact of the ERCOT uplift LSE securitization program on specific customer complaints against retail electric providers filed at the Texas PUC, PUC Commissioner Lori Cobos reiterated that, "we've got to close the loopholes," on pass-throughs
October 13, 2021
Texas PUC Approves Settlement On Allocation Of Uplift Securitization Proceeds To LSEs In ERCOT
Adopts Order Addressing Other Issues
The Texas PUC adopted a final debt obligation order authorizing an "uplift" financing program for ERCOT as directed by HB 4492
October 11, 2021
Texas PUC Agrees On Mechanism To Prevent Retail Providers From Gaming Uplift Opt-out Mechanism
The Texas PUC at its meeting last week agreed on a process to prevent retail electric providers from gaming the opt-out mechanism under the uplift securitization program
September 30, 2021
Texas Lt. Gov. Opposes Partial Settlement Filed In ERCOT Uplift Securitization Proceeding
Lieutenant Governor of Texas Dan Patrick has written a letter to Texas PUC Commissioners opposing a partial settlement in a PUC proceeding concerning an "uplift" financing program as directed by HB 4492 due to the settlement not calculating cost exposure during the winter storm on a "net" basis
September 29, 2021
ERCOT Identifies "Issues" Concerning Identification Of Transmission-Level Customer Securitization Opt-Outs, Calculation Of Adjusted Metered Load
ERCOT filed with the Texas PUC a pleading to notify the Commission and the parties of potential issues that may impede ERCOT’s ability to calculate the amount of Uplift Balance bond proceeds due to Load-Serving Entities (LSE) under the methodology agreed to as part of the Docket No. 52322 partial…
September 27, 2021
Update: Proposed Opt-Out Notice For Texas REPs To Send To Customers Under Uplift Securitization Financing Filed By Settling Parties
Settling parties in a Texas PUC proceeding concerning an "uplift" financing program as directed by HB 4492 have filed a proposed opt-out notice and form that REPs would be required to send to transmission-voltage customers to inform such customers of their right to opt-out of the securitization…
September 17, 2021
Partial Settlement Reached On Allocating Uplift Securitization Proceeds To LSEs In ERCOT, Pass-Through To Customers
Staff of the Public Utility Commission of Texas filed a letter with the PUC, in a proceeding concerning an "uplift" financing program as directed by HB 4492, stating that, "This letter is to notify you that Commission Staff and the parties to the above-styled docket have either agreed in principle…
August 23, 2021
ERCOT Offers Alternative Lower Collateral Proposal For REPs Under Uplift Financing Program
In rebuttal testimony, ERCOT rejected proposals from several retail electric providers to calculate charges to recover costs of the uplift financing program under HB 4492 on a $/MWh basis. ERCOT continues to propose to collect costs via a daily lump sum charged to LSEs based on the load ratio share…
August 19, 2021
Texas PUC Does Not Decide "Netting" Question For Uplift Financing Program In Taking Preliminary Actions Today
In directing certain preliminary actions with respect to Docket 52322, which is addressing an "uplift" financing program as directed by HB 4492, the Texas PUC at its open meeting today did not rule on the question of whether netting shall be required under the program
August 16, 2021
Texas Lt. Gov.: Intent Of Uplift Financing Program Is Not To Give Taxpayer Dollars To Companies That Profited During Winter Storm; Urges Netting
Texas Lieutenant Governor Dan Patrick has written a letter to the Texas PUC Chair and Commissioners stating that the Texas Senate would not have passed a bill giving taxpayer dollars to companies that profited during the winter storm, and said that HB 4492 requires netting
August 11, 2021
Twenty Texas Senators Tell PUC That Uplift Financing Proceeds Intended To Only Be Utilized, "To Prevent Unnecessary Uplift Charges Due To Defaults"; Also Say Netting Is Required
Twenty Texas State Senators, including Senators Charles Schwertner and Kelly Hancock, have filed a letter with the Texas PUC explaining their position that the legislative intent of HB 4492 is that netting is required in establishing proceeds to be provided to LSEs under the "uplift" financing…
August 3, 2021
Sponsor Of Texas Bill For Reimbursement Financing Program For Costs Above ERCOT Price Cap Tells PUC That "Netting" An LSE's Costs Is Not Authorized Under Law
Texas Representative Chris Paddie sent a letter to the Texas PUC stating his opinion that HB 4492 -- which creates a program to finance Reliability Deployment Price Adder ("RDPA") charges and Ancillary Service costs above the Commission's system-wide offer cap for the period beginning 12:01 a.m.…
July 28, 2021
Texas PUC Staff Propose Retail Providers Be Required To Send Written Notices To Eligible Customers Concerning Uplift Financing Opt-out, REPs Responsible For Reporting Customer Opt-outs To PUC
Staff of the Texas PUC have proposed that retail electric providers be obligated to provide notice to eligible customers of their ability to opt-out of the program to finance Reliability Deployment Price Adder ("RDPA") charges and Ancillary Service costs above the Commission's system-wide offer cap…
July 19, 2021
ERCOT Proposes To Disburse LSEs' Proceeds From Uplift Securitization To Their QSEs; Notes PUC May Wish To Consider Mandating Pass-through Back To LSEs
ERCOT Seeks Approval For Uplift, Default Balance Financing Orders
ERCOT has filed with the Texas PUC petitions for orders to finance the Winter Storm Uri Uplift Balance (Uplift proceeding) and the Default Balance (Default proceeding)