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March 25, 2021
The Texas Senate Committee on Jurisprudence today reported favorably to the full Senate a committee substitute for SB 3, a broad-ranging energy bill that would have, as originally filed, banned all variable retail electric rates
March 24, 2021
Energy Monger, LLC, Texas REP certificate number 10276, filed at the Texas PUC to relinquish its REP certificate
March 24, 2021
The text of a committee substitute for Texas HB 16, which as previously reported was reported favorably by the Texas House State Affairs committee, has now been published
March 23, 2021
The Texas Energy Association for Marketers (TEAM) in a new filing with the Texas PUC renewed its request for the PUC, "to enforce its February 16 emergency order ('Order') and protect Texas customers and their electricity suppliers from unauthorized $9,000/MWh pricing and the associated…
March 22, 2021
Staff of the Public Utility Commission of Texas filed a petition to revoke the retail electric provider (REP) certificate of Volt Electricity Provider LP (Volt) as Staff alleged that ERCOT has revoked all rights of Volt to conduct activity in the ERCOT market
March 22, 2021
Hunt Energy Network announced it has formed a new venture, in collaboration with Manulife Investment Management, that will actively participate in the energy storage space within the Electric Reliability Council of Texas (ERCOT).
March 22, 2021
Vistra Proposes Increasing LCAP To Greater Of $4,500/MWh Or 50x Fuel Index For Rest Of 2021
In comments at the Public Utility Commission of Texas, Texas Industrial Energy Consumers (TIEC) has proposed replacing the low system-wide offer cap (LCAP) in ERCOT with an event-specific circuit breaker mechanism
March 19, 2021
Just Energy Group Inc. ('Just Energy' or the 'Company') today announced that the Ontario Superior Court of Justice (Commercial List) (the 'Court') has, among other things, extended the Company’s protection under the Companies’ Creditors Arrangement Act (the 'CCAA') to June 4, 2021 (the 'Stay…
March 19, 2021
Rep. King Asks Whether Fixed Rate Rollovers Onto High "Index" Rates Need To Be Addressed
The Texas House State Affairs committee reported favorably a substitute for HB 16
March 19, 2021
The Supreme Court of Texas, in a 5-4 decision, has dismissed a case, brought on an interlocutory basis, concerning the question of ERCOT's sovereign immunity, as the Supreme Court found that the final judgment by a lower court rendered the interlocutory question moot, and that the proper avenue is…
March 18, 2021
Today, the Texas House of Representatives read for a first time, and referred to the State Affairs committee, SB 2142, a bill passed by the Senate that would order the PUC to re-price ERCOT wholesale power and ancillary services prices for the period beginning 11:55 p.m., February 17, 2021, and…
March 18, 2021
Exelon has sought rehearing of two Texas PUC orders, which Exelon alleged were not adopted in a lawful manner, in order to mitigate any uplift impacts arising from the Commission’s order
March 18, 2021
Texas Lt. Gov. Dan Patrick today called on Gov. Greg Abbott to order the Public Utility Commission of Texas to "correct" ERCOT prices for the period beginning 11:55 p.m., February 17, 2021, and ending 9 a.m., February 19, 2021
March 17, 2021
Texas Attorney General Ken Paxton has issued an opinion finding that re-pricing the ERCOT market is within the Texas PUC's authority and does not raise constitutional concerns if such action furthers a compelling public interest
March 17, 2021
ERCOT issued a market notice stating that it would seek board approval for a price "correction" for Feb. 15, with ERCOT stating that the change to the Real-Time On-Line Reliability Deployment Price Adder that results from correcting the "errors" ranges from an increase of $0.01/MWh to an increase of…
March 17, 2021
NRG Still Sees Opportunity To Get Additional Retail Customers
NRG Energy, Inc. today announced the Company is providing an interim financial impact update, "reflecting the unprecedented effect on the ERCOT system and settlement data from the winter storm."
March 16, 2021
Texas House Speaker Says Continued ERCOT Pricing At $9,000 Was Not An "Error"
Lt. Gov. Dan Patrick told Senators during session today that he received a statement from Speaker of the House of Representatives Dade Phelan that Patrick said informed the Senate that the House will not take up SB 2142, a bill passed by the Senate that would order the PUC to re-price ERCOT…
March 16, 2021
Texas PUC Chair Arthur D'Andrea has submitted his resignation from the PUC, effective immediately upon the appointment of his successor.
March 16, 2021
Texas Lieutenant Governor Dan Patrick has formally asked Texas Attorney General Ken Paxton for a legal opinion on the authority of the Public Utility Commission of Texas to issue orders affecting pricing for the wholesale electricity market and ancillary services
March 16, 2021
Tenaska has proposed an amendment to the ERCOT re-pricing bill, SB 2142, recently passed by the Senate to address the ability of ERCOT to recoup money from entities who were already paid by QSEs
March 15, 2021
Seeks Court Authority To Release Customers From Outstanding Bills
Griddy Energy LLC ("Griddy" or the "Company") announced today that it has filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the Southern District of Texas, together with a proposed plan of reorganization -- a feature of which is to give releases to former…
March 15, 2021
The Texas Senate has approved SB 2142, a new bill just filed today, that would order the PUC to re-price ERCOT wholesale power and ancillary services prices for the period beginning 11:55 p.m., February 17, 2021, and ending 9 a.m., February 19, 2021
March 15, 2021
Texas State Rep. Lyle Larson has introduced a bill, HB 4323, to require development of a plan for re-regulation the electric industry
March 12, 2021
Texas REP Says PUC Should Assign Any Market Uplift To Generators
Exelon Generation Company, LLC (Exelon) moved for rehearing of the Texas PUC's orders from February 15 and 16, 2021 which had the effect of setting ERCOT energy market prices at $9,000 per MWh during the winter weather event
March 12, 2021
Adam Sinn, of Aspire Power Ventures, LP, filed a letter with the Texas PUC stating that, "I believe that an objective review of the relevant facts supports the Commission’s February 15th Order that retroactively raised prices to the cap for operating day February 15 and maintaining those prices at…
