March 5, 2014
NRG Retail Provider Acquires Customers of Texas REP
One of NRG Energy's retail electric providers has acquired the customers of a Texas REP.
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March 4, 2014
Briefly
Broker-consultant 5 has announced that Patti Hummel has joined the company, with the primary responsibilities of accounting, compliance, and corporate finance. Hummel was formerly Vice President of Accounting and Finance at First Choice Power, and is a 14-year veteran of the Texas electric industry.
March 4, 2014
ERCOT Proposes NPRR to Reflect Incremental Load Exposure to POLRs from Mass Transition
ERCOT has proposed Nodal Protocol Revision Request 601 to revise, "the calculation of credit exposure for Counter-Parties that are registered as Qualified Scheduling Entities (QSEs) and Load Serving Entities (LSEs) and provide Provider of Last Resort (POLR) service as a result of Mass Transition of…
March 3, 2014
NRG Talks Retail Margins, M&A in Discussing Earnings
NRG Energy saw relatively stable overall retail portfolio unit margins for the year 2013, executives said in discussing earnings on Friday.
February 28, 2014
Flash: NRG Reports Customer Growth
NRG experienced continued customer growth in 2013, it said in reporting earnings today.
February 28, 2014
ERCOT Reports Significant Improvement in Reserve Margins, In Latest CDR Report
ERCOT's new Capacity, Demand, and Reserves report shows significant improvement in the forecast reserve margin.
February 28, 2014
Texas Staff Proposal for Adoption Would Further Tweak Definition of "Principal" for Retail Provider Certification Rules Versus Original Proposal
Staff of the Public Utility Commission of Texas have filed a draft proposal for adoption to revise the rules governing retail electric provider certification, with the draft proposal for adoption further revising changes to the definition of "principal" under the rules.
February 27, 2014
Texas Staff Seek Additional $600,000 Administrative Penalty on Retail Provider, Alleging More Violations
Staff of the Oversight and Enforcement Division of the Public Utility Commission of Texas have increased the amount of an administrative penalty that Staff requests be imposed on Proton Energy, Inc., as Staff alleged further violations of Commission rules.
February 27, 2014
Has the Polar Vortex Closed the Door on Eliminating Utility-Offered Default Service?
Unless current lawmakers are even more oblivious than apocryphal characterizations of the French nobility of the late 18th century, no legislator can cast a vote this year to terminate the availability of utility-offered, hedged default service, because the current runaway variable pricing in the…
February 25, 2014
Report: Texas Electric Complaints Down, But REP "Violations" Up in 2013
A report from Regulatory Compliance Services says that the total volume of electric complaints filed by consumers with the Public Utility Commission of Texas (PUCT) in calendar year 2013 decreased for the fifth consecutive year, but the "violation" rate increased for the third year in a row.
February 25, 2014
ConEdison Solutions Reports Customer Growth
ConEdison Solutions recorded customer growth during 2013, parent Consolidated Edison, Inc. reported in its annual 10-K.
February 25, 2014
Texas REP Offering $200 Enrollment Bonus for Free Saturdays Plan
Direct Energy is offering Texas customers incentives of up to $200 to enroll onto one of its Free Power Saturday products.
February 24, 2014
Briefly
Texas Commission to Further Consider Cease and Desist Authority
February 24, 2014
Retail Provider Withdraws as Default REP at Sharyland
Cirro Energy has withdrawn as a default retail electric provider at the Sharyland Utilities territories newly opening to choice on May 1.
February 24, 2014
Texas Commissioner Marty Says Energy Market "Healthy", As Focus Shifts to Reliability Standard
"Our energy market seems to be healthy," Texas Public Utility Commissioner Brandy Marty said during Friday's open meeting, as the Commission agreed to focus on the appropriate reliability standard, rather than immediate changes to market design.
February 21, 2014
Centrica Says It's Less Inclined to Pursue Retail Energy M&A in Certain U.S. Regions
Centrica, in discussing earnings yesterday, has revealed which regions it finds most attractive for mergers and acquisitions for its North American business, Direct Energy
February 20, 2014
License Briefs
Start-up Receives Texas Retail Electric Provider Certificate
February 20, 2014
Fuzzy Math: Texas Capacity Market Supporters Know What Future Energy Market Prices Will Be to Make Claim on Cost of Capacity Market; Except They Don't Know What Future Energy Market Prices Will Be, Which is Why They Need a Capacity Market
There's a lot of absurdities when trying to wade through the inconsistent and illogical arguments in favor of a Texas centralized capacity market, but the latest line being pitched by capacity market supporters may be our favorite.
February 20, 2014
Direct Energy Profits Down on Margin Pressure, Launches $100M Cost Reduction Initiative, Warns on Impact from Extreme Weather
Direct Energy operating profit fell 11% for the year 2013 to $436 million, as increases in profitability in the residential energy supply and residential services segments were offset by compressed margins for Direct's commercial and industrial energy supply business.
February 19, 2014
ERCOT New Capacity, Demand and Reserves Report, To Be Issued On Feb. 28, Will Include New Load Forecasting, Won't Include Wind, Planning Reserve Changes
The Electric Reliability Council of Texas (ERCOT) announced that it will release its next 10-year outlook on Capacity, Demand and Reserves (CDR) on February 28.
February 19, 2014
NTE Energy Announces Development of Peaking Generation in ERCOT
NTE Energy announced plans to develop, own and operate a 270 MW gas-fired peaking generating plant in ERCOT.
February 19, 2014
Texas Staff Proposes Lower Upfront Smart Meter Opt-Out Charge at TDUs
Staff of the Public Utility Commission of Texas have filed testimony recommending a lower upfront advanced meter opt-out charge at AEP Texas Central and AEP Texas North, with a marginally higher monthly ongoing opt-out charge for an initial five years.
February 18, 2014
Yet Again, Major Texas Competition Advocates Left Behind by Grassroots Choice Movement (Generators Too Busy Seeking Subsidies)
As noted in our related story today, a Texas customer has taken up the fight to introduce electric choice to El Paso Electric, which is the latest example of a disturbing trend in Texas of so-called competitive market advocates not proactively seeking to extend choice to the still significant areas…
February 18, 2014
TriEagle Energy Launches Service in New Territory
TriEagle Energy has posted its offers for residential service at the Sharyland Utilities Stanton, Colorado City, Brady, and Celeste divisions.
February 18, 2014
Party Seeks Introduction of Electric Choice at El Paso Electric, in Texas Proceeding Reviewing New EPE Power Plants
An intervenor is seeking the introduction of electric choice in a Texas CCN proceeding regarding El Paso Electric's petition to build two additional generating units at its Montana power station.