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September 23, 2021
ERCOT issued a market notice stating that, on September 22, 2021, ERCOT received Notification of Change of Generation Resource Designation forms (NCGRDs) for the following Generation Resources:
September 22, 2021
The Electric Reliability Council of Texas, Inc. (ERCOT) filed at the Texas PUC its 2022/2023 Biennial Budget and System Administration Fee submission
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…
September 3, 2021
ERCOT has posted the Final Seasonal Assessment of Resource Adequacy (SARA) for the Fall 2021 season.
September 3, 2021
Staff of the Texas PUC has requested stakeholder comment on issues related to residential demand response, including current mechanisms, compensation, and operational issues
August 25, 2021
Six Months After Winter Storm Uri, Texans for Fair Energy Billing Warns that Winter is Coming and Texas' Energy Grid Still isn't Prepared
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 20, 2021
In recent comments to the Texas PUC concerning the criteria and related issues for power outage alerts (which are required under new legislation), Oncor Electric Delivery Company LLC said that the PUC should consider requiring retail electric providers to share with the TDUs their customers' email…
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 12, 2021
BKV Corporation, in partnership with Banpu Power US Corporation, has signed a purchase and sale agreement to purchase all of the equity interests in Temple Generation Intermediate Holdings II, LLC, the entity that owns, through its subsidiary Temple Generation I, LLC, the Temple 1 power plant in…
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 10, 2021
ERCOT issued a market notice stating that it anticipates that it will lift the moratorium on interconnection of Distribution Generation Resources (DGRs) and Distribution Energy Storage Resources (DESRs) beginning January 4, 2022.
August 10, 2021
During an earnings call last week, Genie Energy executives reported that the company expects to receive a minimum of $1.5 million of relief under a Texas financing program which will compensate LSEs for exposure to certain eligible costs above the PUC-authorized system-wide offer cap
August 5, 2021
Vistra Announces Evaluation Of Strategic Direction, Emphasis On Capital Allocation
Vistra, the parent of TXU Energy and several other retail energy brands, reported second quarter Adjusted EBITDA from its Retail segment of $510 million, $109 million higher than second quarter 2020 results of $401 million, "driven by the execution of Vistra's self-help initiatives following Uri."
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 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 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 21, 2021
The Texas PUC has issued a request seeking briefing on the treatment of offsets and affiliates in determining an entity's eligibility to seek compensation under the financing program established to compensate entities for costs above the system-wide offer cap during the relevant period of the winter…
July 19, 2021
Staff of the Public Utility Commission of Texas has filed for discussion a draft for new 16 Texas Administrative Code (TAC) §25.55 to implement weather emergency preparedness measures for generation entities and transmission service providers in the Electric Reliability Council of Texas (ERCOT)…
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)
