March 16, 2021
Pegs Market Value Of Customer Book At $6-12 Million Earlier: Texas Retail Electric Provider Brilliant Energy Files For Bankruptcy (Chapter 7)
Earlier: Texas Retail Electric Provider Brilliant Energy Files For Bankruptcy (Chapter 7)
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March 16, 2021
Pegs Market Value Of Customer Book At $6-12 Million Earlier: Texas Retail Electric Provider Brilliant Energy Files For Bankruptcy (Chapter 7)
Earlier: Texas Retail Electric Provider Brilliant Energy Files For Bankruptcy (Chapter 7)
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March 16, 2021
Texas House Speaker Says Continued ERCOT Pricing At $9,000 Was Not An "Error"
Lt. Gov. Dan Patrick told Senators during session today that he received a statement from Speaker of the House of Representatives Dade Phelan that Patrick said informed the Senate that the House will not take up SB 2142, a bill passed by the Senate that would order the PUC to re-price ERCOT…
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March 16, 2021
Texas Attorney General Ken Paxton released the following statement in response to the Chapter 11 bankruptcy filing by Griddy Energy, LLC:
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March 16, 2021
Texas PUC Chair Arthur D'Andrea has submitted his resignation from the PUC, effective immediately upon the appointment of his successor.
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March 16, 2021
Texas Lieutenant Governor Dan Patrick has formally asked Texas Attorney General Ken Paxton for a legal opinion on the authority of the Public Utility Commission of Texas to issue orders affecting pricing for the wholesale electricity market and ancillary services
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March 16, 2021
MilliporeSigma, Akamai Technologies, Inc., Synopsys, and Uber signed power purchase agreements with Enel Green Power for the energy produced by a 111 MW portion of the Azure Sky wind project located in Texas.
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March 16, 2021
Just Energy Group Inc. ('Just Energy' or the 'Company') today announced that it has given notice to the Toronto Stock Exchange (the 'TSX') that the Company will voluntarily delist its common shares from the TSX.
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March 16, 2021
Tenaska has proposed an amendment to the ERCOT re-pricing bill, SB 2142, recently passed by the Senate to address the ability of ERCOT to recoup money from entities who were already paid by QSEs
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March 15, 2021
Seeks Court Authority To Release Customers From Outstanding Bills
Griddy Energy LLC ("Griddy" or the "Company") announced today that it has filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the Southern District of Texas, together with a proposed plan of reorganization -- a feature of which is to give releases to former…
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March 15, 2021
The Texas Senate has approved SB 2142, a new bill just filed today, 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 ending 9 a.m., February 19, 2021
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March 15, 2021
Other Bills Would Require REPs To "Waive" Bill Increases During Emergencies; Require That "Target" ERCOT Reserve Margin Be "Achieved"
Texas State Rep. Lyle Larson has introduced a bill, HB 4323, to require development of a plan for re-regulation the electric industry
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March 12, 2021
Texas REP Says PUC Should Assign Any Market Uplift To Generators
Exelon Generation Company, LLC (Exelon) moved for rehearing of the Texas PUC's orders from February 15 and 16, 2021 which had the effect of setting ERCOT energy market prices at $9,000 per MWh during the winter weather event
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March 12, 2021
Adam Sinn, of Aspire Power Ventures, LP, filed a letter with the Texas PUC stating that, "I believe that an objective review of the relevant facts supports the Commission’s February 15th Order that retroactively raised prices to the cap for operating day February 15 and maintaining those prices at…
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March 12, 2021
In response to further calls from Lt. Gov. Dan Patrick that the Texas PUC should re-price the ERCOT market due to what Patrick says are "errors" in the pricing during the winter weather event, Texas Governor Greg Abbott said that the PUC is not able to provide Patrick's sought relief.
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March 12, 2021
SB 1690 has been filed in the Texas Senate which would, through amendments to PURA Chapter 36, cap retail and wholesale electric rates during declared emergencies, and also expand disconnection protections
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March 12, 2021
Texas retail electric provider Energy Monger informed customers that their contracts are being transitioned to Ampra Energy.
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March 12, 2021
CPS Energy announced that it filed suit against the Electric Reliability Council of Texas (ERCOT) in Bexar County District Court in what CPS described as a move, "to protect its customers from excessive, illegitimate and illegal prices."
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March 12, 2021
Texas Sen. Hancock Announces Bill That Provides, "Securitization Pathway For ERCOT Participants" Slate Of Bills Includes Ban On Real-time Wholesale Pass-Through Retail Electric Products
Slate Of Bills Includes Ban On Real-time Wholesale Pass-Through Retail Electric Products
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March 12, 2021
GridPlus announced that, "out of necessity, [we] have divested our retail energy subsidiary."
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March 12, 2021
The Texas PUC adopted an order which directs ERCOT to extend certain deadlines in, and grants an exception to, relevant sections of the ERCOT Nodal Protocols to grant more time for market participants to file a dispute of invoice and settlement statements
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March 11, 2021
Says Focus Should Be On Helping Co-Ops On "Back End" PUC Chair Questioned ERCOT CEO Why $9,000 Administrative Prices Extended After ERCOT Instructed TDUs To Restore Residential Load PUC Chair On IMM: "They're Not Lawyers"
IMM Revises Amount Of Alleged "Error" To Be $5.1 Billion (Takes Into Account Netting, Day-Ahead Positions)
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March 11, 2021
The Public Utility Commission of Texas granted Yenta Energy LP d/b/a Clyde Energy an Option 1 Texas retail electric provider certificate
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March 11, 2021
Lt. Gov. Cites ERCOT Protocol Allowing Suspension Of Settlements Due To, "Unusual Circumstances" PUC Chair: "Market Was Killing People"
During a hearing of the Texas Committee on Jurisprudence, Texas PUC Chairman Arthur C. D'Andrea agreed that the ERCOT weather event was an, "unusual circumstance," but maintained that continued pricing at the $9,000 cap after residential load shed ended was not a "mistake", and that a cited section…
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March 11, 2021
The Public Utility Commission of Texas today named Adrianne Brandt the agency’s new Director of ERCOT, Inc. Accountability and charged her with enhancing the PUC’s oversight of the grid operator and market manager.
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