August 16, 2021
Retail Energy Vets Form Start-up REP, Seek Texas Certificate
Revolution Energy LLC applied for an Option 1 Texas retail electric provider certificate
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August 16, 2021
Texas PUC Staff File Recommendation On REPs' Petition Concerning Automatic Disconnection Moratorium Sunsets
Staff of the Texas PUC have recommended denying a petition from a group of retail electric providers for a rulemaking to adopt an automatic sunset, absent specific PUC action to the contrary, for any disconnection moratorium adopted by the PUC in response to a disaster.
August 13, 2021
Texas PUC Staff Files Recommendation On AARP Texas Petition To Require Lower Initial Payment, Longer Time Period For REP Deferred Payment Plans
Staff of the Texas PUC have recommended that the PUC deny a petition from AARP Texas for an emergency rule to lower the initial payment amount required under a deferred payment plan with a retail electric provider, and to extend the time over which the customer must pay the deferred balance
August 13, 2021
Texas PUC Staff Proposes Amounts For Assessment On Subject Retail Electric Providers To Fund FY 2022 Internet Broadcast Of PUC Meetings
Deletions In Proposed List Indicate REPs' Customer Count Decline From 250,000 Threshold
Staff of the Public Utility Commission of Texas have proposed the fees to be allocated to retail electric providers and other companies to cover the cost of broadcasting PUCT meetings online for FY 2022.
August 13, 2021
Texas PUC Staff Files Proposed Cost Allocation To REPs For Low-Income Customer List
Staff of the Texas PUC have proposed the amount of costs to be allocated to each retail electric provider for those REPs who have requested to participate in the matching process to receive a list of their low-income customers for the next fiscal year (fiscal year beginning on September 1, 2021)
August 13, 2021
Texas REPs Oppose ERCOT's Initially Proposed Method For Calculating Uplift Financing Charges
Several Texas retail electric providers have opposed ERCOT's proposal for how ERCOT will calculate charges to recover costs of the uplift financing program under HB 4492. REPs also opposed additional security requirements proposed by ERCOT under the financing program
August 12, 2021
Natural Gas E&P Company To Buy Temple Power Plant In ERCOT
BKV Corporation, in partnership with Banpu Power US Corporation, has signed a purchase and sale agreement to purchase all of the equity interests in Temple Generation Intermediate Holdings II, LLC, the entity that owns, through its subsidiary Temple Generation I, LLC, the Temple 1 power plant in…
August 12, 2021
New Retail Supplier Formed By Renewable Energy Developer Receives Texas REP Certificate
The Public Utility Commission of Texas granted Apex Clean Energy Retail, LLC an Option 1 Texas retail electric provider certificate
August 11, 2021
Texas Retail Provider Says Competitors Can't "Park" Unused Trade Names Which Lapse At SOS
Young Energy filed a response at the Texas PUC objecting to MP2 Energy Texas LLC’s motion to intervene in a proceeding to address Young Energy's filing for a REP certificate amendment to, among other things, add the trade name "Cost Plus Power" to Young Energy's REP certificate
August 11, 2021
Twenty Texas Senators Tell PUC That Uplift Financing Proceeds Intended To Only Be Utilized, "To Prevent Unnecessary Uplift Charges Due To Defaults"; Also Say Netting Is Required
Twenty Texas State Senators, including Senators Charles Schwertner and Kelly Hancock, have filed a letter with the Texas PUC explaining their position that the legislative intent of HB 4492 is that netting is required in establishing proceeds to be provided to LSEs under the "uplift" financing…
August 11, 2021
Start-up Eazy Energy Seeks Texas Retail Electric Provider Certificate
Eazy Energy LLC, a start-up, applied for an Option 1 Texas retail electric provider certificate
August 11, 2021
Northeast Retail Supplier Seeks Texas REP Certificate
Also Names Retail Vet As New Chief Information Officer
Atlantic Energy Texas LLC applied for an Option 1 Texas retail electric provider certificate
August 11, 2021
Start-up Retail Energy Supplier Announces Multi-Million Dollar Seed Funding
Branch Energy, which describes itself as a, "tech-powered, green energy provider," announced that it has raised $4.5 million in its seed round
August 10, 2021
Texas REP Newly Registers Trade Names Shell Energy Retail & Shell Energy Solutions
MP2 Energy Texas LLC recently filed, with the Texas Secretary of State, certificates of assumed business names for the names "Shell Energy Retail" and "Shell Energy Solutions"
August 10, 2021
ERCOT Issues Notice Regarding Anticipated Date For Lifting DGR/DESR Moratorium
ERCOT issued a market notice stating that it anticipates that it will lift the moratorium on interconnection of Distribution Generation Resources (DGRs) and Distribution Energy Storage Resources (DESRs) beginning January 4, 2022.
August 10, 2021
Texas Retail Provider Discloses Estimate Of Minimum Expected Proceeds From Uplift Financing Program
During an earnings call last week, Genie Energy executives reported that the company expects to receive a minimum of $1.5 million of relief under a Texas financing program which will compensate LSEs for exposure to certain eligible costs above the PUC-authorized system-wide offer cap
August 10, 2021
Microsoft Selects Supplier For Texas Solar PPA
Ørsted and Microsoft Corporation have entered into an agreement for Microsoft to purchase energy from Old 300 Solar Center in Fort Bend County, Texas.
August 10, 2021
Texas Retail Market Vet Launches New Energy Broker
Break Free Power LLC, a start-up, has registered as a Texas electric broker
August 9, 2021
Texas Gov. Names New Commissioner To Texas PUC, Former Regulatory Affairs Director At Competitive Generator
Texas Governor Greg Abbott has appointed Jimmy Glotfelty to the Public Utility Commission of Texas (PUC) for a term set to expire September 1, 2025.
August 6, 2021
NRG Reports Retail Customer Count, Sales & Revenue Data
NRG filed a 10-Q for the period ending June 30, 2021 which includes customer and volume data for its retail business
August 5, 2021
NRG Reports Higher Adjusted EBITDA Excluding Uri Impact, On Direct Energy Acquisition
NRG Reports Impairment Losses Due To Planned Retirement Of PJM Assets
NRG Energy reported Adjusted EBITDA, (excluding Winter Storm Uri impacts), of $656 million for the quarter ending June 30, 2021, up from $574 million a year ago.
August 5, 2021
Large Retail Provider Launches "Energy Bank" Plan: Predictable Monthly Payment & Able To "Bank" Usage Forward
In reporting earnings today, Vistra noted that Ambit recently launched a "first to market" retail energy product called Energy Bank, "providing customers with a predictable monthly payment and the ability to bank energy usage for when they need it the most."
August 5, 2021
Vistra Reports Higher Retail Adjusted EBITDA, Increased Texas Residential Customer Count
Vistra Announces Evaluation Of Strategic Direction, Emphasis On Capital Allocation
Vistra, the parent of TXU Energy and several other retail energy brands, reported second quarter Adjusted EBITDA from its Retail segment of $510 million, $109 million higher than second quarter 2020 results of $401 million, "driven by the execution of Vistra's self-help initiatives following Uri."
August 5, 2021
Texas PUC Staff Says Bill For Reimbursement Financing Program For Costs Above ERCOT Price Cap Contemplates Netting, Cites Floor Remarks From Senate Sponsor
Most Gentailers Oppose Netting; Independent REPs (& OPUC) Support Netting
Calpine Says Any Proceeds Should First Be Allocated To Any Customers Exposed To Such Prices (With Mandated Pass-Through), Regardless Of LSE's Position; With Proceeds To LSEs Themselves Relegated To Second Priority
August 5, 2021
Texas Retail Provider Raises Concerns With Other REP's Sought Use Of Trade Name Cost Plus Power
MP2 Energy Texas LLC has moved to intervene in a Texas PUC proceeding in which Young Energy, LLC filed for an amendment to its retail electric provider certification to, among other things, add the assumed name "Cost Plus Power" to Young Energy's REP certificate