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October 28, 2021
During a discussion of the impact of the ERCOT uplift LSE securitization program on specific customer complaints against retail electric providers filed at the Texas PUC, PUC Commissioner Lori Cobos reiterated that, "we've got to close the loopholes," on pass-throughs
October 26, 2021
Staff of the Texas PUC formally issued for comment questions concerning a proposed LSE obligation as a means to assure reliability in ERCOT, as well as other questions arising from the PUC's recent work session on wholesale market design changes
October 25, 2021
PJM said in an October 25 market notice that it would file a request at FERC to delay implementation of certain reforms to its market-based reserve products and Operating Reserve Demand Curves (ORDC), citing unforeseen challenges in the software development process
October 16, 2021
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 13, 2021
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
September 30, 2021
Lieutenant Governor of Texas Dan Patrick has written a letter to Texas PUC Commissioners opposing a partial settlement in a PUC proceeding concerning an "uplift" financing program as directed by HB 4492 due to the settlement not calculating cost exposure during the winter storm on a "net" basis
September 29, 2021
ERCOT filed with the Texas PUC a pleading to notify the Commission and the parties of potential issues that may impede ERCOT’s ability to calculate the amount of Uplift Balance bond proceeds due to Load-Serving Entities (LSE) under the methodology agreed to as part of the Docket No. 52322 partial…
September 21, 2021
Includes Obligation To Pass-Through Proceeds To Affected Customers
Parties in a Texas proceeding concerning an "uplift" financing program as directed by HB 4492 have filed an unopposed settlement addressing certain issues, including the methodology and process for allocation of securitization proceeds to load serving entities
September 17, 2021
Staff of the Public Utility Commission of Texas filed a letter with the PUC, in a proceeding concerning an "uplift" financing program as directed by HB 4492, stating that, "This letter is to notify you that Commission Staff and the parties to the above-styled docket have either agreed in principle…
August 23, 2021
In rebuttal testimony, ERCOT rejected proposals from several retail electric providers to calculate charges to recover costs of the uplift financing program under HB 4492 on a $/MWh basis. ERCOT continues to propose to collect costs via a daily lump sum charged to LSEs based on the load ratio share…
August 19, 2021
In directing certain preliminary actions with respect to Docket 52322, which is addressing an "uplift" financing program as directed by HB 4492, the Texas PUC at its open meeting today did not rule on the question of whether netting shall be required under the program
August 16, 2021
Texas Lieutenant Governor Dan Patrick has written a letter to the Texas PUC Chair and Commissioners stating that the Texas Senate would not have passed a bill giving taxpayer dollars to companies that profited during the winter storm, and said that HB 4492 requires netting
August 13, 2021
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 11, 2021
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 5, 2021
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 3, 2021
Texas Representative Chris Paddie sent a letter to the Texas PUC stating his opinion that HB 4492 -- which creates a program to finance Reliability Deployment Price Adder ("RDPA") charges and Ancillary Service costs above the Commission's system-wide offer cap for the period beginning 12:01 a.m.…
August 2, 2021
Several Texas retail electric providers have filed comments with the Texas PUC stating that a proposal from PUC Staff to implement an opt-out process for transmission-voltage customers from the winter event uplift financing program impermissibly changes the process to an opt-in process
July 29, 2021
As part of a rulemaking to implement recent legislation, the Texas PUC will consider whether to prohibit all index products, and any product with a pass-through of ancillary services, for residential and small commercial customers
July 28, 2021
Staff of the Texas PUC have proposed that retail electric providers be obligated to provide notice to eligible customers of their ability to opt-out of the program to finance Reliability Deployment Price Adder ("RDPA") charges and Ancillary Service costs above the Commission's system-wide offer cap…
July 28, 2021
Staff of the Texas PUC have filed a draft proposal for publication containing proposed rule changes to implement HB 16, which generally bans wholesale energy market index plans to mass market customers, and relevant portions of SB 3. The proposal for publication also includes new customer protection…
July 22, 2021
During a press briefing on actions that the Texas PUC and ERCOT are taking to improve grid reliability as the hottest days of summer approach, PUC Chairman Peter Lake provided the consumer cost, to date, of certain reliability actions the PUC has directed ERCOT to undertake for this summer
July 19, 2021
ERCOT Seeks Approval For Uplift, Default Balance Financing Orders
ERCOT has filed with the Texas PUC petitions for orders to finance the Winter Storm Uri Uplift Balance (Uplift proceeding) and the Default Balance (Default proceeding)
July 13, 2021
PUC Chair: Market Design Should Provide Financial Incentive For Reliability
During testimony today before a Texas Senate committee hearing on the ERCOT market, Texas PUC Chairman Peter Lake said, "The [ERCOT] market needs to move away from a crisis-based business model."
July 7, 2021
Consumer Advocates Seek Prohibition On Contracts Which Waive Customer Protections
June 28, 2021
The Texas Cotton Ginners Association (TCGA) has filed at the Texas PUC a formal complaint against MidAmerican Energy Services LLC, alleging that supplemental ancillary service charges billed by MidAmerican are in contravention of the fixed priced agreements with TCGA members (Docket 52273)
