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May 27, 2021
With regards to the relief related to amounts from entities defaulting at ERCOT (short-pays), the Senate version of HB 4492 provides that the PUC may authorize the independent organization to establish a debt financing mechanism to finance the default balance as follows:
May 26, 2021
ERCOT said today that, "As part of ERCOT’s aggressive pre-summer preparation activities, the grid operator will test its automated emergency grid conditions communication system this evening, Wednesday, May 26, beginning at 7 p.m."
May 26, 2021
ERCOT has formally initiated the mass transition of Brilliant Energy's non-residential customers to Providers of Last Resort (POLRs)
May 26, 2021
Earlier: Just Energy Group Provides Update On Creditors Arrangement Act Process
Pacific Investment Management Company LLC (PIMCO), which through various vehicles owns nearly 30% of Common Shares of Just Energy Group Inc., has filed an amended Schedule 13D with the U.S. SEC which reveals that PIMCO has engaged advisors to assist in a review and evaluation of strategic…
May 26, 2021
Earlier: Just Energy Group Provides Update On Creditors Arrangement Act Process
Pacific Investment Management Company LLC (PIMCO), which through various vehicles owns nearly 30% of Common Shares of Just Energy Group Inc., has filed an amended Schedule 13D with the U.S. SEC which reveals that PIMCO has engaged advisors to assist in a review and evaluation of strategic…
May 25, 2021
Amendment To Separate Cooperative-Focused Securitization Bill Would Force Co-ops Into "Competitive Market" If Co-ops Owing Money To ERCOT Do Not Use Securitization
May 24, 2021
The Texas House has passed amended versions of Senate bills addressing the composition of the Texas PUC and ERCOT governance
May 24, 2021
Includes TDU Load Shed Programs, Energy Storage For TDUs; New Obligation For REPs
May 21, 2021
Committee Substitute Omits Ancillary Service Charges From Included Costs
The Texas Senate Business & Commerce Committee has drafted a committee substitute to HB 4492 which would omit ancillary service charges, such as those ultimately charged to retail electric providers, from the costs addressed by the relief provided by the bill
May 21, 2021
In passing to third reading SB 2154, a bill which would change the composition of the Texas PUC, the Texas House adopted an amendment which would require that, "At least one [PUC] commissioner must be well informed and qualified in the field of public interest advocacy and have a background in…
May 20, 2021
The Texas House Committee on State Affairs this week reported favorably a substitute version of SB 3, and the substitute would allow residential and small commercial wholesale index electricity plans to continue to be sold, subject to a price cap and various notice requirements
May 20, 2021
Approving relief sought by the Trustee of Brilliant Energy LLC (the "Debtor"), a federal bankruptcy court ordered the mass transition of Brilliant Energy's remaining customers -- which are commercial customers -- to the provider(s) of last resort (POLR)
May 19, 2021
Diamond Energy TX, LLC, the subsidiary of Mitsubishi Corporation that is seeking an option 1 Texas retail electric provider certificate, has filed an amended application to remove the authority for the option of collecting deposits or advance payments from customers
May 18, 2021
The Trustee for Texas retail electric provider Brilliant Energy (Debtor) has sought bankruptcy court approval to drop its commercial customers (which represent its remaining customer book) to the provider(s) of last resort (POLR)
May 18, 2021
Texas retail electric provider JP Energy Resources LLC recently acquired a book of customers from GridPlus Energy.
May 17, 2021
The Texas House has passed a narrowed version of HB 3916, which relates to various issues concerning distributed generation
May 14, 2021
The trustee for Brilliant Energy (Debtor) said in a May 14 court filing that the trustee is still attempting to sell the Debtor’s commercial contracts, and the trustee expects to succeed or fail in that effort by May 28, 2021.
May 14, 2021
David Energy has named Abhishek Mandhana as VP of Supply
May 13, 2021
BP Energy Retail LLC applied for an Ohio electric supplier license to serve commercial, mercantile, and industrial customers in all service areas.
May 13, 2021
In a letter to the Public Utility Commission of Texas, Brandon Young, CEO of Young Energy, requested that the PUC end the moratorium on disconnections for non-pay which was adopted in the aftermath of the February winter weather event, arguing that the viability of the retail market is threatened by…
May 13, 2021
The Texas House has concurred with amendments adopted by the Senate to House Bill (HB 16), which would ban wholesale pass-through electric products, and which would establish a new mandate that retail electric providers must serve customers, who do not make an affirmative choice at the time of…
May 12, 2021
Spark Working On Projects In Renewable Space, ESG Strategies
During a recent earnings call covering first quarter results (see prior story for results) , Spark Energy CEO Keith Maxwell said that the February winter weather event has opened up a number of potential acquisition opportunities, and has reduced the current competitive environment
May 11, 2021
ENGIE North America announced that it has been selected to provide 100% renewable retail electricity supply to the 25-story tower at 1360 Post Oak Blvd., within the Four Oaks Place portfolio, in Houston, Texas
May 11, 2021
Oncor Electric Delivery Company LLC filed a petition with the Public Utility Commission of Texas requesting that the PUC grant a good-cause exception to the October 2021 deadline under 16 Tex. Admin. Code ("TAC") § 25.247, and a prior Commission order, for Oncor to file its comprehensive base-rate…
May 10, 2021
Exelon Generation Company, LLC and Constellation NewEnergy, Inc. sought, in Travis County, Texas, district court, judicial review of the Texas PUC's order dated February 21, 2021 which Exelon said, "removed the monthly cap on default amounts that can be uplifted onto ERCOT market participants in the…
