March 25, 2021
New Woman-Led Texas Retail Provider Receives Certificate, Names COO & VP, Sales
The Texas PUC granted an Option 1 retail electric provider certificate to start-up True Commodities, LLC d/b/a True Power and True Prepaid
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March 25, 2021
In Broad Energy Bill, Texas Committee Drops Language That Would Have Banned All Variable Rates, Narrows To Wholesale Index Products (But Includes Small C&I)
The Texas Senate Committee on Jurisprudence today reported favorably to the full Senate a committee substitute for SB 3, a broad-ranging energy bill that would have, as originally filed, banned all variable retail electric rates
March 24, 2021
Texas Transmission Owner In ERCOT Discloses New Competitive Affiliate: Residential Energy Solutions, LLC
Lone Star Transmission, LLC, a unit of NextEra Energy, has disclosed the creation of a new competitive affiliate in Texas: Residential Energy Solutions, LLC
March 24, 2021
Texas Retail Provider Relinquishing Certificate After Book Sale, Weather Event
Energy Monger, LLC, Texas REP certificate number 10276, filed at the Texas PUC to relinquish its REP certificate
March 24, 2021
Updated: Reported-Out Committee Substitute For Texas House Bill Banning Wholesale Index Plans Published
The text of a committee substitute for Texas HB 16, which as previously reported was reported favorably by the Texas House State Affairs committee, has now been published
March 24, 2021
Nucor Selects Provider For Renewable Energy In Texas
Nucor Corporation announced today that it has signed a 10-year Virtual Power Purchase Agreement (VPPA) with Ørsted Onshore North America, LLC for 100 megawatts from Ørsted's Western Trail wind farm (WTW) in North Texas.
March 23, 2021
Bankruptcy Judge Stresses "Speed" In Sale Process For Brilliant Energy, Cites "Fragile" Asset Base
A federal bankruptcy judge has told a trustee leading Brilliant Energy's Chapter 7 bankruptcy that "speed is key" in a sales process meant to preserve any value in Brilliant Energy's assets
March 23, 2021
Texas Senate Committee Advances Bill To Revise Composition Of Texas PUC
The Texas Senate Jurisprudence Committee has reported favorably without amendments SB 2154, which would change the composition of the Texas PUC
March 23, 2021
TXU Launches New Plan With "Automatic Savings for Electric Vehicle Owners"
Also Offering To Pay Up To $150 In Termination Fees For New Customers Leaving Other REPs
TXU Energy announced the launch of TXU Energy EV Pass, which is described as, "the company's first plan designed specifically for electric vehicle owners," and which, "gives customers 50% off all energy charges every weeknight and all weekend long – providing automatic bill credits at times when…
March 23, 2021
TEAM Renews Call For PUC To Re-Price ERCOT Market Consistent With PUC's Emergency Order, Says 30-Day Deadline Only Applies To ERCOT Staff, Not PUC Or Lawmakers
The Texas Energy Association for Marketers (TEAM) in a new filing with the Texas PUC renewed its request for the PUC, "to enforce its February 16 emergency order ('Order') and protect Texas customers and their electricity suppliers from unauthorized $9,000/MWh pricing and the associated…
March 22, 2021
ERCOT Said To Have Revoked Another Retail Electric Provider's Market Participation Rights, Breach Allegedly Not Cured
Staff of the Public Utility Commission of Texas filed a petition to revoke the retail electric provider (REP) certificate of Volt Electricity Provider LP (Volt) as Staff alleged that ERCOT has revoked all rights of Volt to conduct activity in the ERCOT market
March 22, 2021
Hunt Company Announces New Energy Storage Venture For ERCOT Market
Hunt Energy Network announced it has formed a new venture, in collaboration with Manulife Investment Management, that will actively participate in the energy storage space within the Electric Reliability Council of Texas (ERCOT).
March 22, 2021
Texas Industrials Propose Replacing Existing Low Offer Cap In ERCOT With Event-Specific "Circuit Breaker" Mechanism
Vistra Proposes Increasing LCAP To Greater Of $4,500/MWh Or 50x Fuel Index For Rest Of 2021
In comments at the Public Utility Commission of Texas, Texas Industrial Energy Consumers (TIEC) has proposed replacing the low system-wide offer cap (LCAP) in ERCOT with an event-specific circuit breaker mechanism
March 19, 2021
Texas Concierge Electricity Shopping Service Acquired By Clean Energy Tech Company
Arcadia Power has acquired Texas concierge electricity shopping service Real Simple Energy
March 19, 2021
Just Energy Enters Into Support Agreement With Its Senior Lenders; Receives Extension of Protection Under Companies' Creditors Arrangement Act
Just Energy Group Inc. ('Just Energy' or the 'Company') today announced that the Ontario Superior Court of Justice (Commercial List) (the 'Court') has, among other things, extended the Company’s protection under the Companies’ Creditors Arrangement Act (the 'CCAA') to June 4, 2021 (the 'Stay…
March 19, 2021
Texas House Committee Reports Favorably Bill To Ban Wholesale Index Products
Rep. King Asks Whether Fixed Rate Rollovers Onto High "Index" Rates Need To Be Addressed
The Texas House State Affairs committee reported favorably a substitute for HB 16
March 19, 2021
Texas Supreme Court Dismisses Interlocutory Case Over ERCOT Sovereign Immunity As Moot Due To Trial Court Rendering Final Judgment, Separate Appeal
The Supreme Court of Texas, in a 5-4 decision, has dismissed a case, brought on an interlocutory basis, concerning the question of ERCOT's sovereign immunity, as the Supreme Court found that the final judgment by a lower court rendered the interlocutory question moot, and that the proper avenue is…
March 18, 2021
ERCOT Re-pricing Bill Read First Time In Texas House, Referred To Committee
Today, the Texas House of Representatives read for a first time, and referred to the State Affairs committee, SB 2142, a bill passed by the Senate that would order the PUC to re-price ERCOT wholesale power and ancillary services prices for the period beginning 11:55 p.m., February 17, 2021, and…
March 18, 2021
Exelon Seeks Rehearing Of Texas PUC Orders In Order To Mitigate Uplift Impact On Non-Defaulting Market Participants
Exelon has sought rehearing of two Texas PUC orders, which Exelon alleged were not adopted in a lawful manner, in order to mitigate any uplift impacts arising from the Commission’s order
March 18, 2021
Texas Lt. Gov. Calls On Gov. Abbott To Order Texas PUC To Correct ERCOT Prices; Or Direct That Prices Are Under Investigation
Texas Lt. Gov. Dan Patrick today called on Gov. Greg Abbott to order the Public Utility Commission of Texas to "correct" ERCOT prices for the period beginning 11:55 p.m., February 17, 2021, and ending 9 a.m., February 19, 2021
March 17, 2021
TXU Submits Further Request Relating To Increase In Customers It Is Willing To Serve As Volunteer POLR
The Manager of Licensing and Compliance for the Texas PUC's Customer Protection Division issued a memo stating, "On March 17, TXU Energy Retail Company LLC (TXU) filed a request to increase the number of ESI IDs that it is willing to serve as a VREP [voluntary POLR]."
March 17, 2021
Texas Attorney General Says ERCOT Re-pricing Within PUC's Authority, Does Not Raise Constitutional Concerns If Action Furthers A Compelling Public Interest
Texas Attorney General Ken Paxton has issued an opinion finding that re-pricing the ERCOT market is within the Texas PUC's authority and does not raise constitutional concerns if such action furthers a compelling public interest
March 17, 2021
ERCOT To Seek Price Correction For Feb. 15 That Would Raise Price Adder By Up To $1,200 per MWh
ERCOT issued a market notice stating that it would seek board approval for a price "correction" for Feb. 15, with ERCOT stating that the change to the Real-Time On-Line Reliability Deployment Price Adder that results from correcting the "errors" ranges from an increase of $0.01/MWh to an increase of…
March 17, 2021
Brilliant Energy Receives Authority To Continue Operations During Ch. 7, Time May Allow Sale Process To Be Conducted
A bankruptcy judge has granted Brilliant Energy LLC, under a bankruptcy trustee, the ability to continue to operate under a Chapter 7 bankruptcy filing
March 17, 2021
NRG Now Estimates $750 Million Loss From Winter Storm Uri; Withdraws Prior Financial Guidance
NRG Still Sees Opportunity To Get Additional Retail Customers
NRG Energy, Inc. today announced the Company is providing an interim financial impact update, "reflecting the unprecedented effect on the ERCOT system and settlement data from the winter storm."