June 7, 2021
New Texas Retail Electricity Brand Launches Service
Ranchero Power has launched retail electric service in Texas
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June 7, 2021
New Texas Retail Provider Seeks Temporary Exception To Texas Physical Office Requirement, Citing COVID Impacts
Enel Trading North America, LLC ("ETNA"), which as first reported by EnergyChoiceMatters.com is seeking an Option 1 Texas retail electric provider certificate, has requested from the Texas PUC a temporary good cause exception to the provision of 16 TAC § 25.107(e)(2) requiring a physical office…
June 4, 2021
NRG Energy Acquires Book Of Texas Electric Customers
NRG Energy has acquired all of the Texas electric customers of Iberdrola Solutions LLC d/b/a Iberdrola Texas
June 3, 2021
Midstream Services Company Selects Texas Retail Electric Provider
Goodnight Midstream LLC ("Goodnight"), a midstream produced-water infrastructure company, announced that it has signed a 100 percent renewable energy contract with TXU Energy
June 3, 2021
ERCOT Proposes Capping Ancillary Service Prices, Effective In July
Also Proposes Setting Energy Prices At Offer Cap When Load Being Shed Due To ERCOT's Direction
During a Texas PUC open meeting work session, ERCOT's Vice President of Commercial Operations Kenan Ögelman said that ERCOT would be proposing two urgent protocol revisions as follows
June 3, 2021
Texas PUC Chair Cites ERCOT Market Cybersecurity As "Key Concern", Will Make "Concentrated Effort" On Best Practices
During an open meeting work session, Texas PUC Chairman Peter Lake cited cybersecurity with respect to the ERCOT market as a "key concern", and said that the PUC needs to make a "concentrated effort" to evaluate cybersecurity and implement the best possible practices
June 3, 2021
Texas PUC Chair Directs Staff To Include Ancillary Service Pass-Throughs Under Retail Contracts In Review Of Implementing HB 16
Staff To Review 'Your Rights As A Customer' Document, Propose Additions
During an open meeting work session, Texas PUC Chairman Peter Lake directed Commission Staff to include, as part of a rulemaking to implement HB 16 and its ban on wholesale indexed electricity plans for mass market customers, a review of ancillary service pass-throughs to commercial customers who…
June 2, 2021
Group Of Texas Retail Providers Proposes Rule That Triggers Disconnection Moratorium During Governor-Declared States Of Disaster, & Sunset Absent PUC Action
Several REPs Also Commit To Additional Consumer Protections As End Of DNP Moratorium Considered
The Coalition of Competitive Retail Electric Providers (hereafter "Petitioners") requested that the Texas PUC amend PUC Subst. R. §§25.29 and 25.483 so that Governor-declared states of disaster caused by catastrophic events such as tornadoes or hurricanes become events triggering a temporary…
June 2, 2021
Sunnova Launches Solar + Storage Lease Service Offerings In Texas, Pennsylvania, New York & Three Other Retail Choice States
Sunnova Energy International Inc. has expanded its lease service offerings, for solar + Tesla and Generac storage systems, to nine new markets: Illinois, Maryland, New Mexico, Pennsylvania, South Carolina, Texas, Florida, New York and Rhode Island homeowners
June 2, 2021
Report: ERCOT Market Prices Would Have Been Less Than $1,000/MWh For 32 Hours After Winter Event Load Shed Had Ended If PUC Had Not Set Prices At Cap
Vistra Corp. commissioned a study by a third-party consultant to determine what ERCOT market-clearing energy prices would have been during February 15-19, 2021 in the absence of the PUC's order setting the price at the $9,000 cap
June 1, 2021
Texas PUC Commissioner Proposes That PUC End Disconnection For Non-Pay Moratorium Applicable To Retail Providers
Texas PUC Commissioner Will McAdams today filed a memo proposing that the PUC end the disconnection for non-pay moratorium applicable to retail electric providers, which was adopted after the February winter weather event
May 31, 2021
Enrolled Version Of Texas Winter Weather Event Omnibus Bill Drops Provision Allowing Wholesale Index Plans To Continue, Bill Sent To Governor
The Texas House and Senate have both passed a conference committee version of SB 3, and the bill has been enrolled and is being sent to the governor
May 28, 2021
Update #2 (May 28 afternoon): Language Posted For Texas Senate Amendments Providing Financing To REPs For Costs From Energy Prices Maintained At $9,000 After Winter Event Ended; Other Costs
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
Update #2 (May 28 afternoon): Language Posted For Texas Senate Amendments Providing Financing To REPs For Costs From Energy Prices Maintained At $9,000 After Winter Event Ended; Other Costs
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
Texas Gov. Signs Bill Requiring Retail Electric Providers To Serve Auto-Renewed Customers On Mandated "Default" Product
Texas Gov. Greg Abbott has signed HB 16, which prohibits wholesale indexed electricity plans for residential and small commercial customers, and also requires REPs to serve customers on a default renewal contract if the customer takes no affirmative action at renewal
May 27, 2021
Update #2 (May 28 afternoon): Language Posted For Texas Senate Amendments Providing Financing To REPs For Costs From Energy Prices Maintained At $9,000 After Winter Event Ended; Other Costs
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 26, 2021
ERCOT To Test Emergency Notification System
ERCOT said today that, "As part of ERCOT’s aggressive pre-summer preparation activities, the grid operator will test its automated emergency grid conditions communication system this evening, Wednesday, May 26, beginning at 7 p.m."
May 26, 2021
ERCOT Formally Initiates POLR Drop For Brilliant Energy Commercial Customers
ERCOT has formally initiated the mass transition of Brilliant Energy's non-residential customers to Providers of Last Resort (POLRs)
May 26, 2021
Update: Large Just Energy Shareholder, DIP Lender Evaluating Strategic Alternatives For Just Energy, Engages Advisors
Earlier: Just Energy Group Provides Update On Creditors Arrangement Act Process
Pacific Investment Management Company LLC (PIMCO), which through various vehicles owns nearly 30% of Common Shares of Just Energy Group Inc., has filed an amended Schedule 13D with the U.S. SEC which reveals that PIMCO has engaged advisors to assist in a review and evaluation of strategic…
May 26, 2021
Update: Large Just Energy Shareholder, DIP Lender Evaluating Strategic Alternatives For Just Energy, Engages Advisors
Earlier: Just Energy Group Provides Update On Creditors Arrangement Act Process
Pacific Investment Management Company LLC (PIMCO), which through various vehicles owns nearly 30% of Common Shares of Just Energy Group Inc., has filed an amended Schedule 13D with the U.S. SEC which reveals that PIMCO has engaged advisors to assist in a review and evaluation of strategic…
May 25, 2021
Texas Senate Committee Advances ERCOT Default, Uplift Securitization Bill Without Changes, Retains Relief For REP Ancillary Service Costs
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 24, 2021
Texas House Passes Amended Versions Of Senate Bills On PUC, ERCOT Composition
The Texas House has passed amended versions of Senate bills addressing the composition of the Texas PUC and ERCOT governance
May 24, 2021
Texas House Passes Omnibus Texas Winter Weather Event Electricity Bill To Allow Residential Wholesale Index Plans To Continue, Subject To Price Cap & Notice Requirements
Includes TDU Load Shed Programs, Energy Storage For TDUs; New Obligation For REPs
May 21, 2021
Retail Vet: Texas Retail Market Will Lose More Than 20 REPs If Senate Committee Substitute For House's ERCOT Securitization Bill Adopted
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 21, 2021
House Amendment To Texas Bill Changing Composition Of Texas PUC Requires One Commissioner To Have Background In Representing The Interests Of Customers, Be Qualified In Public Interest Advocacy
In passing to third reading SB 2154, a bill which would change the composition of the Texas PUC, the Texas House adopted an amendment which would require that, "At least one [PUC] commissioner must be well informed and qualified in the field of public interest advocacy and have a background in…