Briefly

Penn Power Announces SREC Pricing

Penn Power has successfully contracted for 19,800 Solar Renewable Energy Credits at an average cost is $199.09 per SREC, with deliveries scheduled to begin in June 2011 and last through May 2020.

Court Allows Additional Recovery for CenterPoint Stranded Costs

The Texas Supreme Court last week issued an order regarding CenterPoint Energy's stranded costs which CenterPoint said will allow it to seek recovery of approximately $922 million, plus interest, from retail electric providers on remand. Among other things, the Court reversed the PUCT's order denying recovery of approximately $440 million in capacity auction true-up amounts. The PUCT's decision to reduce stranded costs by $378 million related to depreciation was also reversed.