HomeAugust 28, 2014
Texas REP Enters Settlement with Staff Over REC Compliance Shortfall
Copyright 2014 EnergyChoiceMatters.com.
TriEagle Energy, L.P. d/b/a Power House Energy would pay $4,450 under a settlement with Staff of the Public Utility Commission of Texas to resolve alleged violations of PURA § 39.904 and P.U.C. SUBST. R. 25.173, concerning its purchase and retirement of renewable energy credits related to the 2013 compliance period.
According to the settlement, the 2013 Annual Report on the Texas Renewable Energy Credit Trading Program filed in Project No. 27706 on May 15, 2014 by the program administrator, the Electric Reliability Council of Texas (ERCOT), showed that TriEagle failed to retire 89 RECs it was required to retire for 2013 by the March 31, 2013 deadline, and thus failed to comply with P.U.C. SUBST. R. 25.173(d), (h), and (n).
The agreed penalty equals $50 per MWh of REC, as required by P.U.C. Subst. R. 25.173(p).
As part of the settlement, TriEagle agreed to purchase and retire the 89 RECs that it is responsible for during the 2013 compliance period.
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