May 16, 2019
Texas Retail Electric Provider Undergoes Change In Ownership
Penstar Power, LLC applied for an amendment to its Texas retail electric provider certificate to reflect a change in ownership
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May 14, 2019
Updated: EDF Trading Takes Equity Stake In Griddy Under Strategic Partnership
Investment Will Allow For Expansion Beyond Texas
Griddy Energy has signed a strategic partnership with EDF Trading Ltd (EDF), a subsidiary of the EDF Group, which includes an equity investment by EDF into Griddy
May 14, 2019
Texas ALJ Revises Suspension Date For New Oncor DCRF Charges, Sets Date As Sept. 1, As Requested By Retail Providers
As requested by retail electric providers, a Texas ALJ has revised the suspension date for Oncor's proposed updates to its Distribution Cost Recovery Factor (DCRF), a charge applicable to retail electric providers taking delivery service
May 14, 2019
Gexa, NextEra Energy Services Name Retail Energy Veteran As VP and General Manager Of C&I Business
John Werner has joined Gexa and NextEra Energy Services as Vice President and General Manager of the Commercial & Industrial business
May 13, 2019
Updated: Chris Hendrix Among Retail Energy Vets Launching New Texas REP, Will Focus On Providing Customers With Wholesale Market Access
As first reported by EnergyChoiceMatters.com on April 17 , several electric industry veterans, including Chris Hendrix, are launching a new Texas retail electric provider, called Demand Control 2, LLC
May 13, 2019
CenterPoint-TDU Schedules Retail Electric Provider Workshop
Smart Meter Texas Market Holding Workshop For REPs
CenterPoint Energy Houston Electric has issued a save-the-date for its 2019 Competitive Retailer workshop, to be held July 25, 2019 in Houston
May 13, 2019
Texas Retail Electric Provider Names New Senior Manager, Operations
Troy Captain was recently named Senior Manager, Operations at Value Based Brands LLC (which operates as 4Change Energy and various other brands)
May 10, 2019
Texas PUC Formally Maintains ERCOT Reliability Deployment Price Adder If LCAP Triggered, Adopts Discrete Scarcity Pricing Rule Changes
The Public Utility Commission of Texas issued a written order on discrete changes to its scarcity pricing rules, in which the Commission held that the operating reserve demand curve and the real time reliability deployment price adder shall remain in place in the ERCOT market even when the low…
May 10, 2019
Texas PUC Won't Consider As Part Of CenterPoint-TDU Rate Case Application To Install Voltage-Regulation Battery Assets
The Public Utility Commission of Texas issued a preliminary order in CenterPoint Energy Houston Electric (CEHE, or CenterPoint), LLC's newly filed rate case.
May 10, 2019
Settlement Reached To Set Amount Of New Charge Applicable To Retail Electric Providers To Recover Hurricane Restoration Costs At AEP Texas Central
REPs Would Be Subject To Billing And Collection Standards For New Nonbypassable Rider
AEP Texas Inc. (AEP Texas) and the Staff (Staff) of the Public Utility Commission of Texas (Commission) have reached a settlement concerning establishment of a financing order to securitize the distribution-related system restoration costs incurred by AEP Texas due to Hurricane Harvey and other…
May 8, 2019
New ERCOT CDR Forecasts Increased Reserve Margin For 2021, Above 15%
ERCOT today released its final Seasonal Assessment of Resource Adequacy (SARA) for the upcoming summer season (June – September), a preliminary assessment for fall and an updated Capacity, Demand and Reserves (CDR) Report.
May 8, 2019
Texas Retail Provider Issues Cease And Desist Letter To Start-up REP Over Start-up's Allegedly Misleading Name
Infinite Electric, LLC and its affiliate Infinite Energy, Inc. (together, Infinite Energy) sent a cease and desist letter to Infinite Watts, LLC demanding that Infinite Watts, LLC, a start-up seeking a Texas retail electric provider certificate, cease and desist from further promotion and sale of…
May 6, 2019
License Briefs
CNRG Group Seeks Texas Aggregator Certificate
May 6, 2019
Genie Energy Expects To Bring On First Texas Customers This Month Under Soft Launch
Genie Energy Reports Customer Growth Domestic Earnings Higher On Margin Improvement
Genie Energy reported customer growth and higher Adjusted EBITDA for the first quarter of 2019.
May 3, 2019
Updated: NRG Reports Retail Volumes, Drivers Of Economic Gross Margin Decrease
A 10-Q for NRG disclosed further details concerning earnings for the quarter ending March 31, 2019 (Q1 2019).
May 3, 2019
Vistra Energy (TXU, Dynegy Parent) Reports Higher Retail Adjusted EBITDA
Vistra Energy, the parent of various retail energy brands including TXU Energy and Dynegy, reported Adjusted EBITDA for its Retail segment of $257 million for the first quarter of 2019, up from $194 million a year ago
May 3, 2019
Texas Senate Passes Bill Ending General Land Office's Authority To Sell Retail Electricity (Already Passed House)
Bill Ends Gross Receipts Tax On Public School District Customers, Mandates REPs Pass-Through Savings
The Texas Senate has passed without amendments HB 2263 which would terminate the authority of the Texas General Land Office to sell retail electricity (currently done via a contracted REP) under the State Power Program
May 3, 2019
Texas House Committee Reports Favorably Substitute Bill With Revised Language That Would Regulate Brokers, Require Registration With PUCT
The Texas House State Affairs Committee has reported favorably a substitute for SB 1497, which would subject electricity brokers to a registration requirement and regulation by the Public Utility Commission of Texas
May 3, 2019
License Briefs
Rushmore Energy Receives Retail Supplier License In New State
May 3, 2019
Promo For New Texas Retail Provider: "You're Screwed" On Current Plans In Market
Will Offer Direct Access To Wholesale Market, Energy Management Tools
May 2, 2019
NRG Reports Lower Retail Adjusted EBITDA On Higher Supply Costs
Reports On Contribution From Margin Enhancement Program Reports Retail Customer Growth
In reporting earnings for the quarter ending March 31, 2019, NRG reported that its Retail segment posted Adjusted EBITDA was $153 million, $35 million lower than first quarter 2018 ($188 million), driven by higher supply costs, partially offset by cost reduction and margin enhancement initiatives…
May 2, 2019
NRG To Return Inactive Texas Natural Gas Power Plant To Service
NRG Energy, Inc. said that it expects to return to service its inactive 385 MW Gregory natural gas plant, in Corpus Christi, Texas.
May 2, 2019
Texas Senate Passes Substitute Bill On Consumer Protections For Distributed Generation Which Omits Problematic Language Prohibiting Retail Provider Early Termination Fees, And Other REP Mandates
Bill Sets Disclosures For Distributed Generation Sales, Leases, PPAs
The Texas Senate approved SB 2066, in the form of a committee substitute, which would establish certain disclosure requirements for distributed renewable generation, for residential and small commercial customers
May 2, 2019
NRG Expects Higher ERCOT Volatility To Create Opportunity To Acquire Small, Mid-Sized Customer Books "At Value"
During an earnings call this morning, Mauricio Gutierrez, NRG President and Chief Executive Officer, discussed potential summer volatility in the ERCOT market as providing an opportunity to acquire retail customer books
May 2, 2019
AEP Texas Files To Consolidate Central, North Division Rates Into Single Rate Applicable To Both Territories
Proposes To Refund Tax Savings To REPs Via Percent Discount Rather Than Per-Unit Refund