October 20, 2021
Developer Closes Financing On 270 MW Texas Solar Project, Purchaser Of Energy & RECs Disclosed
Cypress Creek Renewables said that it has closed financing on Shakes, a 270MW solar project located in Dimmit County, Texas.
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October 19, 2021
Pfizer Selects Supplier Of Solar Power For North American Operations, Sourced From Texas Plant
Vesper Energy ("Vesper" or "the Company"), a developer, owner and operator of utility-scale renewable energy assets, announced that Pfizer has entered into a virtual power purchase agreement (VPPA) with the Company.
October 19, 2021
Affiliate Of Northeast Utility Registers As Power Marketer In ERCOT
NG Renewables Energy Marketing, LLC filed with the Texas PUC a registration as a power marketer to purchase and sell electric energy at wholesale within the ERCOT power region
October 19, 2021
Solar Installer Registers As Texas Electric Broker, Shares Brand Name With New REP
Abacus Energy LLC filed with the Texas PUC a registration as a Texas electricity broker
October 16, 2021
ERCOT IMM Proposes Mandatory Forward Shortage Energy Hedge Procurement
Potomac Economics (Potomac), the Independent Market Monitor ("IMM") for the wholesale market in the Electric Reliability Council of Texas, Inc. ("ERCOT") region, proposed in comments to the Texas PUC the following modifications to the ERCOT market design, which were also discussed at a PUC work…
October 16, 2021
Solar Finance & Energy Company Registers As Texas Electric Broker
Texas-based Apollo Solar Energy and Finance filed with the Texas PUC a registration as a Texas electricity broker
October 16, 2021
Oncor Reveals Details Of Proposed New Pilot 24/7 Winter Load Management Program; Size, Payments, Other Details
Encourages REP Participation, Customer Portfolios
Oncor has filed with the Texas PUC details of a proposed Winter Emergency Load Management Program that would operate 24 hours a day, 7 days a week from December 2021 until the end of February 2022
October 14, 2021
Texas PUC Commissioner Proposes Revising ERCOT's Generation Interconnection Process To Prioritize Resources Capable Of Being Dispatched
Texas PUC Commissioner Will McAdams has proposed revising ERCOT's generation interconnection process to prioritize generation capable of dispatching for four hours at transmission voltage
October 14, 2021
Best Buy Announces Involvement In Texas Solar Project
Best Buy has announced that it is partnering in the new Prospero II Solar Project in Andrews County, Texas, along with U.S. Bank and Longroad Energy
October 14, 2021
Texas PUC Names REP Sector Representative, Others For Texas Energy Reliability Council
The Executive Director of the Texas PUC has appointed eight individuals to serve as the PUC-appointed members of the Texas Energy Reliability Council.
October 14, 2021
Utility Management Arm Of Houston Property Manager Registers As Texas Electric Broker
Utility Junction Inc. registered with the Texas PUC as a Texas electricity broker
October 13, 2021
Texas PUC Approves Settlement On Allocation Of Uplift Securitization Proceeds To LSEs In ERCOT
Adopts Order Addressing Other Issues
The Texas PUC adopted a final debt obligation order authorizing an "uplift" financing program for ERCOT as directed by HB 4492
October 13, 2021
Bankrupt Texas Retail Provider Reaches Agreement In Principle With Largest Creditor & Wholesale Supplier
Pogo Energy, LLC ('Debtor') requested that a federal bankruptcy court extend the periods of time under sections 1121(c)(2) and (3) of the Bankruptcy Code within which only the Debtor may file a plan and solicit acceptances of the plan (the 'Exclusivity Periods') by 60 days, stating that Debtor and…
October 12, 2021
Vistra, Parent Of TXU, Announces $2 Billion Share Repurchase Program
Vistra Corp. (the "Company" or "Vistra") today announced a new $2 billion share repurchase program and the pricing of a private offering (the "Offering") of 1,000,000 shares of its 8% Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock (the "Preferred Stock") to qualified…
October 12, 2021
PPG Selects Retail Provider For Solar Energy To Power Texas Facility
PPG, a global manufacturer of paints, coatings and specialty materials, today announced an agreement with Constellation under which PPG will power its Carrollton, Texas, paint manufacturing facility with energy from the 200 MW Big Star Solar Project, currently under development in Bastrop County…
October 11, 2021
Selection Committee Names New ERCOT Board Chair, Additional Board Member
The Public Utility Commission of Texas (PUCT) today recognized Paul Foster and Carlos Aguilar as the first two selected directors of the Electric Reliability Council of Texas (ERCOT) Board.
October 11, 2021
Texas TDUs Seek Expedited PUC Approval For Nonresidential Load Management Programs
AEP Texas Inc.; CenterPoint Energy Houston Electric, LLC; and Texas-New Mexico Power Company (collectively, the Joint TDUs) filed with the Texas PUC an expedited petition asking the PUC to approve the TDUs (1) designing and operating load management programs for nonresidential customers during the…
October 11, 2021
Texas PUC Agrees On Mechanism To Prevent Retail Providers From Gaming Uplift Opt-out Mechanism
The Texas PUC at its meeting last week agreed on a process to prevent retail electric providers from gaming the opt-out mechanism under the uplift securitization program
October 8, 2021
Most Texas Retail Providers To See Increase In RPS Allocation Due To ERCOT ADR Ruling
ERCOT said in a market notice today that, due to the resolution of Alternative Dispute Resolution (ADR) proceedings between ERCOT and Tenaska Power Services Co., retail electric providers, other than those at-issue in the ADR, will see an increase in their RPS allocation
October 8, 2021
Settlement Reached On Revocation Of Texas REP's Certificate
GridPlus Texas, Inc. (GridPlus), Staff of the Public Utility Commission of Texas (Staff), the Electric Reliability Council of Texas, Inc. (ERCOT), and the Office of Public Utility Counsel (OPUC) have filed a settlement under which GridPlus's retail electric provider certificate would be revoked for…
October 8, 2021
Mobile, Modular Power Provider Registers As Power Marketer In Texas
Mesa Natural Gas Solutions, LLC filed a registration with the Texas PUC as a power marketer to purchase and sell electric energy at wholesale within the ERCOT power region.
October 7, 2021
PUC Formally Issues Proposal To Lower ERCOT Price Cap, $4,500 Proposed
The Texas PUC formally issued for comment a proposal for publication that would lower the high system-wide offer cap in ERCOT to $4,500 per MWh, from the current $9,000 per MWh, by January 1, 2022
October 7, 2021
Texas PUC Commissioner: We Should "Re-Look" At Transition To Competition At Entergy Texas
Invites Stakeholder Comment On Whether It's "Time To Move Forward" With Choice At Entergy Texas
During today's Texas PUC opening meeting, Commissioner Jimmy Glotfelty said that the PUC needs to "re-look" at a transition to competition at Entergy Texas
October 6, 2021
Update: Shell Formally Expands Business-To-Business Brand With Shell Energy Branding For Retail Supplier
MP2 Energy, LLC, along with other affiliate entities, will now go to market for commercial customers in the U.S. as Shell Energy, "in a move demonstrating strong customer focus and signaling the strength of one energy brand dedicated to serving customers’ complete energy transition needs," Shell…
October 6, 2021
Funds Managed By Global Alternative Investment Manager To Acquire Majority Stake In Parent Of Retail Energy Supplier
Apex Clean Energy and Ares Management Corporation today announced that funds and other accounts managed by Ares’ Infrastructure and Power strategy have entered into an agreement to acquire a majority stake in Apex.