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December 18, 2013
Centrica plc announced that its North American subsidiary, Direct Energy, has agreed to sell its Texas gas-fired power stations to Blackstone for $685 million in cash.
December 17, 2013
A persuasive case for the adoption of an ERCOT forward capacity mechanism has not yet been made, H-E-B cautioned Texas policymakers, warning against, "changing the current market structure in ways that could have significant and likely irreversible, long-term consequences."
December 17, 2013
One of the refrains we keep hearing in Texas from capacity market acolytes is that Texas doesn't need to worry about the non-performance issues which have plagued the Northeast capacity markets -- in which capacity is procured but does not produce energy when needed -- because everyone agrees and…
December 17, 2013
Even as NRG Energy leads Texas down a path to a capacity market, it is about to enjoy the fruits of a state-arranged, ratepayer-backed "subsidized" contract to repower one of its New York power plants (aside: New York has a capacity market and according to capacity market supporters, should have no…
December 17, 2013
As the latest round of comments concerning capacity markets roll into the Public Utility Commission of Texas, it's serendipitous that FirstEnergy Solutions (FES) announced on the same day the expansion of its ultra-long-term fixed priced offer to the PECO service area, because it's an example of the…
December 10, 2013
An analysis prepared for Texas Public Utility Commissioner Kenneth Anderson concludes that a study by Charles Rivers Associates commissioned by NRG Energy, which purports to show savings to gross state product from adopting a capacity market, contains numerous "errors in assumptions and calculations…
December 6, 2013
State Senator Wendy Davis, the presumptive Democratic nominee in the 2014 Texas gubernatorial election, said in a letter to Public Utility Commission of Texas Chair Donna Nelson that, "the PUC must not make any changes to the electricity market that would burden hardworking Texas families and the…
December 3, 2013
In a filing rich with irony, a group of ESCOs have claimed that a New York order on the cost recovery mechanism for transmission projects meant to ensure reliability in the face of a potential shut down of the Indian Point nuclear plant, "will discriminate against competitive ESCOs."
December 2, 2013
A proposed phase-in of the new G-J local capacity zone in the New York ISO, as formally proposed at FERC by NYISO last week, won't completely shield ESCOs and customers from rate shock associated with spiked capacity prices from the new zone, an analysis by NYISO shows.
November 26, 2013
During yesterday's hearing at the Texas Senate, Donna Nelson, Chair of the Public Utility Commission of Texas, and PUCT Commissioner Brandy Marty both emphasized that, if Texas ultimately adopted a capacity mandate, the design would be unique to Texas.
November 26, 2013
Despite a capacity market and mandated reserve margin, ISO New England told FERC that it is facing a shortage of existing resources to meet its Installed Capacity Requirement (ICR).
November 26, 2013
A capacity mandate in ERCOT would increase costs and harm the Texas economy, two large employers, Wal-Mart and Valero, told the Texas Senate yesterday
November 26, 2013
The fiction that without a mandated reserve margin ERCOT is going to drop to about an equilibrium 9% reserve margin -- the unsupported narrative offered by the Brattle report -- was derided by Texas Senators given that 14 years of operation of the energy-only market have never seen anything come…
November 22, 2013
Introduction of a capacity market in Texas would be a "serious mistake" and endanger the economic prosperity that Texas has enjoyed, Nucor Steel - Texas warned the Public Utility Commission of Texas.
November 21, 2013
Despite two years of dire warnings about blackouts and capacity owners "talking down" Texas' business climate, Texas cities continue to catch the attention of national business and economic publications for their economic strength and job creation, taking top marks in recent rankings by Forbes and…
November 20, 2013
The Texas Senate Committee on Natural Resources will hold a hearing, "to receive an update on recent electric discussions at the Public Utility Commission of Texas."
November 19, 2013
A capacity market would increase Texas electric bills, but without any clear benefit to consumers, concludes a report from the Texas Coalition for Affordable Power and the Steering Committee of Cities Served by Oncor
November 18, 2013
The Public Utility Commission of Texas has agreed on a series of questions to be issued for stakeholder comment regarding various options to meet a mandated reserve margin
November 18, 2013
Direct Energy, a supporter of a centralized capacity market in Texas, has warned business customers in ISO New England that this winter customers will be subject to, "additional costs associated with procuring backup generation [that] will result in higher electricity bills during these months."
November 18, 2013
More and more of the drivers of Texas economic growth are formally telling the Public Utility Commission of Texas that a capacity market would be "damaging" to businesses due to increased costs.
November 15, 2013
The Pennsylvania PUC adopted a non-unanimous settlement which authorizes the merger of Peoples Natural Gas and Equitable Gas, and related transactions, and contains various measures to improve the retail market.
November 15, 2013
America's Natural Gas Alliance, representing independent natural gas exploration and production companies with operations in Texas, has said that it would be "premature" for the Public Utility Commission of Texas to adopt a mandated reserve margin
November 14, 2013
"Having been present since day one of the current market structure, I can assure you that the legislature designed the energy only market for good reason," Texas State Senator Troy Fraser said in a November 13 letter to Donna Nelson, Chair of the Public Utility Commission of Texas
November 13, 2013
Actions undertaken by NRG Energy belie NRG's claims that the energy-only market does not support investment in new capacity and that the energy-only market does not provide economically viable returns, retail provider Source Power & Gas LLC said in comments to the Public Utility Commission of Texas.
November 8, 2013
Calpine, which spent much of an earnings call pressing for a centralized capacity market as the mechanism to meet a mandated reserve margin in Texas, continues to describe new physical capacity investments clearing the PJM capacity market as "questionable" and, "unlikely to be completed."
