HomeNews By Docket & Bill NumberDocket HB4492
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December 9, 2021
Just Energy Group Inc. ("Just Energy" or the "Company") announced an update of the expected recovery by Just Energy from the Electric Reliability Council of Texas, Inc. ("ERCOT") of certain costs incurred during the extreme weather event in Texas in February 2021 (the "Weather Event").
October 13, 2021
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
September 30, 2021
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 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
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 21, 2021
Includes Obligation To Pass-Through Proceeds To Affected Customers
Parties in a Texas proceeding concerning an "uplift" financing program as directed by HB 4492 have filed an unopposed settlement addressing certain issues, including the methodology and process for allocation of securitization proceeds to load serving entities
September 17, 2021
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
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
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 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 13, 2021
Several Texas retail electric providers have opposed ERCOT's proposal for how ERCOT will calculate charges to recover costs of the uplift financing program under HB 4492. REPs also opposed additional security requirements proposed by ERCOT under the financing program
August 11, 2021
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 5, 2021
Most Gentailers Oppose Netting; Independent REPs (& OPUC) Support Netting
Calpine Says Any Proceeds Should First Be Allocated To Any Customers Exposed To Such Prices (With Mandated Pass-Through), Regardless Of LSE's Position; With Proceeds To LSEs Themselves Relegated To Second Priority
August 3, 2021
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.…
August 2, 2021
Several Texas retail electric providers have filed comments with the Texas PUC stating that a proposal from PUC Staff to implement an opt-out process for transmission-voltage customers from the winter event uplift financing program impermissibly changes the process to an opt-in process
June 28, 2021
Just Energy reported results for the fourth fiscal quarter ending March 31, 2021 as well as the fiscal year ending March 31, 2021
June 18, 2021
Noting the passage of the ERCOT market financing bill, which had been first reported by EnergyChoiceMatters.com , Just Energy Group Inc. ('Just Energy' or the 'Company') said that, "Based on current information, if the Commission [Texas PUC] approves the financing provided for in HB 4492, Just…
June 17, 2021
Final Bill Omitted Relief To REPs For 32 Hours At $9,000 After Load Shed Ended
Texas Gov. Greg Abbott has signed HB 4492, which provides a financing program available to retail electric providers for ancillary service charges and reliability deployment price adders above the $9,000 cap
May 31, 2021
The Texas House and Senate have both passed a conference committee version of HB 4492, and the bill has been enrolled and is being sent to the governor
May 28, 2021
With regards to the relief related to amounts from entities defaulting at ERCOT (short-pays), the Senate version of HB 4492 provides that the PUC may authorize the independent organization to establish a debt financing mechanism to finance the default balance as follows:
May 28, 2021
With regards to the relief related to amounts from entities defaulting at ERCOT (short-pays), the Senate version of HB 4492 provides that the PUC may authorize the independent organization to establish a debt financing mechanism to finance the default balance as follows:
May 27, 2021
With regards to the relief related to amounts from entities defaulting at ERCOT (short-pays), the Senate version of HB 4492 provides that the PUC may authorize the independent organization to establish a debt financing mechanism to finance the default balance as follows:
May 25, 2021
Amendment To Separate Cooperative-Focused Securitization Bill Would Force Co-ops Into "Competitive Market" If Co-ops Owing Money To ERCOT Do Not Use Securitization
May 21, 2021
Committee Substitute Omits Ancillary Service Charges From Included Costs
The Texas Senate Business & Commerce Committee has drafted a committee substitute to HB 4492 which would omit ancillary service charges, such as those ultimately charged to retail electric providers, from the costs addressed by the relief provided by the bill
May 7, 2021
The Texas House has passed HB 4492 which would create a mechanism for the Public Utility Commission of Texas to authorize the securitization of ERCOT market uplift charges related to the winter weather event
