March 11, 2021
Genie Energy Suspending Dividend Due To Impact From Texas Weather Event
Genie Energy Ltd. announced that it has suspended its dividend as part of an effort to rebuild its cash position in the aftermath of the Texas weather event
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March 10, 2021
Texas PUC Staff Identify Review Of Retail Market Customer Protection Rules, With Emphasis On Disclosures & Potential Protections Specific To Emergency Conditions, As Part Of Several Focus Areas To Address In Response To Weather Event
Staff of the Texas PUC in a memo to the Commission identified eight "key focus areas" as a "road map" for Commission work in response to the February 2021 Winter Weather Event
March 10, 2021
Just Energy Announces Toronto Stock Exchange and New York Stock Exchange Have Commenced Delisting Proceedings
Just Energy Group Inc. ('Just Energy' or the 'Company') today announced that it has received notice from the Toronto Stock Exchange (the 'TSX') that a meeting of the Continued Listing Committee of the TSX is scheduled to be held on March 15, 2021 to consider whether or not to delist the securities…
March 10, 2021
Noting That Re-pricing Of ERCOT Market Appears To Be "Moving Forward", Tenaska Recommends "Partial Standstill" Directive To QSEs Concerning Payouts To QSE Customers, To Allow ERCOT To Retrieve Amounts Due To Any Re-pricing
Tenaska Energy, Inc. filed comments at the Texas PUC and to Chairman Arthur D'Andrea suggesting measures that the PUC could undertake to reduce certain risks associated with re-pricing, as Tenaska stated that, "We understand that repricing consistent with the Independent Market Monitor's…
March 10, 2021
Texas Bill Would Require Standard Application For Use By Customer Applying To Become Customer Of A Retail Provider
Various Bills Would Regulate REP Rates, Products
March 10, 2021
Shannon K. McClendon Elected To ERCOT Board Representing Independent REP Segment
Shannon K. McClendon has been elected to be the ERCOT Board member for the independent retail electric provider (REPs) segment.
March 10, 2021
Texas Retail Provider: "Volatile And Enormous" UFE Charges From ERCOT Related To Weather Event Could Spell "Life Or Death" For Market Participants
Texpo Power LP d/b/a Texpo Energy filed further comments at the Texas PUC concerning ERCOT invoices resulting from the recent weather event, drawing attention to, in particular, concerns about Unaccounted for Energy (UFE) calculations by ERCOT
March 10, 2021
Texas Governor Names ERCOT "Billing Error" Correction As Emergency Item For Legislative Session
28 State Senators Ask PUC To Correct Prices
Texas Governor Greg Abbott declared the, "correction of any billing errors related to the Electric Reliability Council of Texas (ERCOT)," as an emergency item for the 87th Legislative Session.
March 9, 2021
ERCOT Initiates Another Mass Transition Of Customers To POLRs
On Tuesday, March 9, 2021, ERCOT revoked all rights of POWER OF TEXAS HOLDINGS INC to conduct activity under the ERCOT Protocols due to its failure to designate a new Qualified Scheduling Entity (QSE) or qualify as an Emergency QSE pursuant to the ERCOT Protocols.
March 9, 2021
Exelon's Broker Breakerbox Moves To Serve Residential Customers
Breakerbox, LLC, Exelon's energy broker/consultant, has filed an amended broker registration at the Texas PUC, with the stated purpose of the amendment listed as, "To add serving residential customers."
March 9, 2021
Texas Bill Would Cap Wholesale Energy Prices During, After Disasters
Texas Bill Would Authorize Utilities In ERCOT To Construct Facilities To Purchase Power Outside Of ERCOT
March 9, 2021
ERCOT Implementing New System Stress Scenarios, Other Changes In Seasonal Assessments of Resource Adequacy, Postpones Summer Preliminary SARA
ERCOT said in a market notice that the release date for the Final Spring and Preliminary Summer "Seasonal Assessment of Resource Adequacy" (SARA) reports has been changed from March 11 to March 25, 2021.
March 9, 2021
Updated: Alliance Power Company Has Paid The Invoices
New Retail Electric Provider Listed In Latest ERCOT Short-Pay Notice
Alliance Power Company said that it has paid the invoices
March 9, 2021
Updated: Just Energy Receives Chapter 15 Bankruptcy Protection in U.S.; Judge Asserts Exclusive Jurisdiction Over Any Relief Sought By Governmental Entity Seeking To Take Action Against Just Energy Licenses Due To Bankruptcy Petition
Just Energy Receives Chapter 15 Bankruptcy Protection in U.S.; Judge Asserts Exclusive Jurisdiction Over Any Relief Sought By Governmental Entity Seeking To Take Action Against Just Energy Licenses Due To Bankruptcy Petition
March 8, 2021
Texas Retail Provider Initially Tells Residential Customers It Is Passing On Higher Ancillary Service Costs To Customers On Fixed Rate Contracts
Texas retail electric provider MidAmerican Energy Services initially informed Texas residential electric customers on fixed rate contracts that, "non-energy costs such as ancillary charges billed by ERCOT and your local utility, are not fixed and are passed through on your bill."
March 8, 2021
Texas PUC Announces Resignation Of Commissioner Botkin
Texas PUC Commissioner Shelly Botkin has resigned her role with the Public Utility Commission of Texas, effective immediately.
March 8, 2021
ERCOT Reports Entities Which Have Paid Prior Short Payments, Provides Update On Aggregate Short Pay Amount
ERCOT said that the following short-paying Invoice Recipients have, to date, paid amounts owed: City of Garland GridPlus Texas Inc. Heritage Power LLC Volt Electricity Provider LP Wolverine Trading LLC
March 8, 2021
Litigants Seek Order Preventing Griddy From Engaging In Further Automatic Debits From Customers Bank Accounts, Cards
Attorneys pursuing a class action claim on behalf of almost 30,000 customers of Griddy announced that they, "have filed a motion to prevent the electricity provider from tampering with any internal documentation or physical evidence stemming from the February winter storm in Texas."
March 8, 2021
Texas Electric Broker Asks PUC To Work With State Agencies To Cap Sales, Other Taxes Levied On Massive Power Bills Reflecting Wholesale Pricing From Winter Weather Event
Energy Edge Consulting, LLC filed a request at the Texas PUC asking that the PUC work with the appropriate state entities and implement a cap on the amount of state sales tax, gross receipts tax ("GRT"), and the Public Utility Commission Assessment fee ("PUCA") that can be assessed to customers who…
March 8, 2021
Texas Attorney General Now Investigating Natural Gas Price Increases, Issues Interrogatories To ICE On Transactions, Sellers
Texas Attorney General Ken Paxton issued a Civil Investigative Demand (CID) to Intercontinental Exchange Holdings, Inc. which the AG's office said is, "a natural gas exchange that saw massive price increases during the February winter storm that swept through Texas."
March 8, 2021
Texas Lt. Gov. Calls On ERCOT To Re-Price Energy Prices, Ancillary Services
Texas Lt. Gov. Dan Patrick on March 8 called on the Texas PUC and the Electric Reliability Council of Texas (ERCOT), "to correct the emergency pricing error that continued after the power shortage had ended and the major threat to the Texas grid had passed."
March 8, 2021
Speaker Of Texas House Includes Prohibition On "Wholesale Indexed Product" Electric Plans As Priority Legislative Reform
Speaker of the Texas House of Representatives Dade Phelan has announced seven priority bills meant to address electricity industry reform, as part of a "first phase" of addressing the recent winter weather event
March 8, 2021
Genie Energy Estimates Preliminary Impact of Winter Storm Uri in Texas, Notes Sufficient Liquidity
Discloses Texas Customer Count
Genie Energy today provided additional information on the financial impact to the company of Winter Storm Uri, which impacted the Texas electricity market in mid-February 2021.
March 5, 2021
Vistra Submits "Ideas" For Policy Response Options Addressing ERCOT Weather Event:
Vistra Corp. has shared with Texas lawmakers, "ideas that should be considered to address the impacts of the mid-February storm."
March 5, 2021
ERCOT Issues Short-Pay Notice For Invoices Paid Out 3/5, Erroneously Lists REP Affiliate As Short Paying; REP Affiliate Has Not Short Paid An Invoice
ERCOT issued a short payment notice related to Settlement Invoices due for payout on March 5, 2021