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February 22, 2021
Written by Thomas Pagnotta, Senior Portfolio Manager, Wood Mackenzie
The US central and southern plains experienced some of the coldest temperatures on record this past weekend, sending shockwaves through the Mid-Continent and Southern natural gas markets as spot prices reached as high as $1,250.00/mmbtu, (OnekOK). Prior to that day, the average settlement price for…
February 22, 2021
Pulse Power, LLC filed the letter republished below with the Texas PUC. Pulse's letter was dated Feb. 20
February 22, 2021
Spark Energy, Inc. ("Spark" or the "Company") said in an announcement that it, "wants to assure its customers that it is committed to serving and supporting its Texas customer base through this highly tumultuous time."
February 22, 2021
NRG Energy Inc. announced today that it has changed the date it will report Full Year and Fourth Quarter 2020 financial results due to a scheduling conflict; NRG’s President and CEO is scheduled to appear before the Texas Legislature on February 25, 2021, and other Texas stakeholders throughout the…
February 22, 2021
Texas Bill Would Require PUC To Obtain "Emergency Reserve Power Generation Capacity"
Various bills have been filed at the Texas legislature in response to the recent weather event
February 22, 2021
Gexa Energy, LP filed a request at the Texas PUC to be designated as a volunteer POLR, aka Voluntary Retail Electric Provider (VREP), for the 2021 through 2022 term
February 22, 2021
The following is a contribution from St. Clair Newbern IV, CEO of Live Energy Inc.
February 22, 2021
Macquarie Group Limited updated its short-term outlook that was recently provided to the market at the Group’s Operational Briefing on 9 February 2021.
February 22, 2021
REP Urges ERCOT Not To Use Draconian Remedies
Consistent with previously reported direction from the Texas PUC, ERCOT said in a market notice today that it, "is temporarily deviating from Protocol deadlines and timing related to settlements, collateral obligations, and Invoice payments while prices are under review."
February 22, 2021
Octopus Energy U.S. (formerly Evolve Energy), which has offered a wholesale pass-through electricity membership plan in Texas, announced that it is capping prices under its plan for the week of Saturday, February 13th through Friday, February 19th
February 22, 2021
Could Be Materially Adverse To Just Energy's Ability To Continue As A Going Concern
Just Energy Group Inc. ('Just Energy' or the 'Company') announced that it has, "updated its previous announcement that management is continuing to assess the impact of the extreme cold temperatures throughout the State of Texas (the 'Weather Event') on the Company, and cannot finalize its unaudited…
February 21, 2021
Also Directs ERCOT To Use Discretion On Settlement, Invoice Payment Timelines, In Addition To Collateral
February 20, 2021
Texas Governor Convenes Emergency Meeting To Address Spike In Texas Energy Bills
February 19, 2021
Exelon said in an 8-K that, "Beginning on February 15, 2021, Texas-based generating assets of Exelon Generation Company, LLC (Generation) within the Electric Reliability Council of Texas (ERCOT) market, specifically Colorado Bend II, Wolf Hollow II, and Handley, experienced outages as a result of…
February 19, 2021
The Texas Energy Association for Marketers filed an emergency request with the Texas PUC asking the PUC to immediately instruct ERCOT to remove, effective back to 1:05 a.m. on February 18, the administrative price adder which had been directed by the PUC to account for load shed, with ERCOT directed…
February 19, 2021
ERCOT said in a market notice that, "In an attempt to protect the overall integrity of the ERCOT market by mitigating the disruption of defaults, ERCOT is using its available discretion under the Protocols to adjust collateral for Counter-Parties (CPs) on a case-by-case basis, dependent upon the…
February 19, 2021
Reliant Energy Retail Services LLC (RERS) filed a request at the Texas PUC to be designated as a volunteer POLR, formally known as a Voluntary Retail Electric Provider (VREP), for the residential and small commercial customer classes.
February 19, 2021
Patrick Woodson, CEO of Texas retail electric provider ATG Clean Energy Holdings, Inc. d/b/a Green Energy Exchange filed a letter with the Texas PUC, asking that the PUC re-price the hours since EEA 3 level conditions were declared on Feb. 15th through when EEA 3 was cancelled on Feb. 19 at 9 AM…
February 19, 2021
Texas Governor Greg Abbott has declared a new emergency item for the current legislative session, in asking the Legislature to, "mandate the winterization of Texas' power system," and for the Legislature, "to ensure the necessary funding for winterization."
February 19, 2021
ERCOT exited emergency conditions this morning, with EEA1 terminated at approximately 10:35 a.m. local time
February 19, 2021
Texas Attorney General Ken Paxton today issued Civil Investigative Demands (CIDs) to ERCOT and other power companies, regarding power outages, emergency plans, energy pricing, and more related to this week’s winter weather disaster.
February 19, 2021
ERCOT Reports Two Retail Providers Failed To Make Payment On A Settlement Invoice
February 18, 2021
ERCOT said in a Feb. 18 market notice that it has, "authorized the Transmission and Distribution Service Providers to restore all Load associated with the EEA that was declared on Monday, February 15, 2021."
February 18, 2021
Texas Attorney General Ken Paxton announced that he would use, "the full scope of my Constitutional powers," to launch an investigation into, "ERCOT and related entities," and their "mishandling" of the extreme winter weather
February 18, 2021
TXU Energy -- the only volunteer Provider of Last Resort in Texas -- has filed with the Texas PUC an increase in the maximum number of customers TXU will accept as a volunteer POLR (aka VREP)
