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October 31, 2011
In the latest and most brash example yet of the desire of competitive generation owners to restrict customer choice, Calpine COO Thad Hill said during an earnings call that retail choice in Texas puts negative pressure on new build in ERCOT, and lamented that there is no "serious dialogue" on this…
October 31, 2011
Wholesale prices in ERCOT have to recognize scarcity of generation assets, "and that will eventually flow through to the retail business," Energy Future Holdings CEO John Young said during an earnings call Friday.
October 31, 2011
Constellation's NewEnergy segment reported adjusted earnings of $46 million for the third quarter, reversing a year-ago loss of $14 million, on strong results from wholesale load serving contracts, and the absence of year-ago charges.
October 31, 2011
Dominion Retail reported a loss before interest and taxes of $1 million for the quarter ending September 30, 2011, due to the need to purchase incremental power for its ERCOT retail business at peak prices.
October 28, 2011
The extreme summer in ERCOT has prompted Constellation Energy to consider the construction of new peaking generation, executives said on an earnings call.
October 28, 2011
Residential churn accelerated at TXU Energy for the three months ending September 30, 2011, versus both the sequential quarter and the year-ago quarter.
October 27, 2011
The PUCT agreed, by a 2-1 margin, to set new offer floors for Non-Spinning Reserve Service (NSRS).
October 27, 2011
Exelon's Generation unit, which includes the results from its competitive retail sales operations, posted higher adjusted earnings of $522 million for the third quarter, up from $499 million a year ago.
October 25, 2011
Infinite Energy has expanded its electric offers in ERCOT to include service at AEP Texas Central, AEP Texas North, and Texas-New Mexico Power.
October 17, 2011
Switch holds placed on customers as part of entering into a deferred payment plan with a retail electric provider still apply to less than 1% of residential ESI IDs in ERCOT since the introduction of switch holds in June, according to data through the end of September filed by the TDUs.
October 17, 2011
Imposing Non-Spinning Reserve Service (NSRS) price floors in ERCOT under the "compromise" proposal would have increased average prices by $46.49/MWh in 2011, if the low system offer cap [LCAP] were not applied, the Texas Industrial Energy Consumers said in comments to the PUCT.
October 13, 2011
Although PUCT Chairman Donna Nelson had not been entertaining adoption of a capacity market in ERCOT, despite the constant drumbeat from some asset owners for such a design, Nelson said that recent comments from a major PJM generation owner has put the nail in the coffin for her appetite for a…
October 7, 2011
Stop us if you've heard this before: "A seemingly inevitable shake-out in ERCOT's retail power market is slowly but surely underway as smaller players begin showing signs that operations are untenable."
October 3, 2011
Taqueria El Zarape (TEZ) and Just Energy Texas, LP have filed a stipulation (38448) to resolve a billing dispute brought before the PUCT which originally implicated larger market issues such as how REPs pass through ERCOT unaccounted for energy (UFE) and RMR charges (4/27/10) .
September 23, 2011
Direct Energy confirmed this morning that it has agreed to acquire First Choice Power from PNM Resources for $270 million in cash, plus additional working capital.
September 22, 2011
Exelon and Calpine have submitted to ERCOT Nodal Protocol Revision Request 416, Removal of the Reliability Unit Commitment (RUC) Clawback Charge for Resources Other than Reliability Must-Run Units.
September 21, 2011
Rolando Pablos Appointed to PUCT, Anderson Reappointed
September 21, 2011
Constellation Energy sees the potential fallout from this summer's extreme heat in ERCOT, particularly on less capitalized REPs, as favorable for market consolidation and margin expansion, Senior Vice President and CFO Jonathan Thayer said at a Bank of America Merrill Lynch investor conference…
September 20, 2011
Switch holds placed on customers as part of entering into a deferred payment plan with a retail electric provider still apply to less than 1% of residential ESI IDs in ERCOT since the introduction of switch holds in June, according to data through the end of August filed by the TDUs.
September 15, 2011
24-hour Bids Disabled for ERCOT Annual CRR Auctions
September 15, 2011
Entrust Energy plans to have 10,000 customers in the ERCOT market by the end of the year, and has set a five-year goal of enrolling 400,000 customers, Entrust Energy President and CEO Tom Gilpin told Matters yesterday.
September 13, 2011
The Joint ERCOT TDUs have offered to agree to extend by one hour, for a premise with an advanced meter, the deadline for the submission of a reconnect request to ensure same-day completion, even where communication with an advanced meter fails. The TDUs also alternatively suggested extending the…
September 13, 2011
Entrust Energy yesterday publicized refreshed pricing for residential service at CenterPoint, and told Matters that it would soon expand to additional areas in ERCOT.
September 12, 2011
ERCOT has received a Notification of Suspension of Operations for Midlothian Energy LP's Midlothian CT5 unit (MDANP_CT5), a gas-fired unit. In ERCOT's most recent CDR report, Midlothian CT5's capacity is listed as 225 MW summer, 247 MW winter.
September 12, 2011
Luminant announced this morning that it will idle several plants due to the U.S. Environmental Protection Agency's Cross-State Air Pollution Rule.
