September 2, 2011
Briefly
NUS Consulting Group Acquires Viking Energy Management
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September 1, 2011
Saying More Data Needed, PUCT Directs ERCOT to Study Various Non-Spin Proposals
The PUCT will allow ERCOT and stakeholders to move forward with several consensus changes meant to address the energy market pricing impact from deployment of certain ancillaries, but said that it needed more analysis before adjudicating more substantive changes, including whether to adopt the…
September 1, 2011
EPA Rule Would Have Caused Rotating Outages in ERCOT During August
Under a "best case" scenario, the U.S. EPA's Cross-State Air Pollution Rule will result in a reduction in ERCOT capacity of 3,000 MW during March, April, October, and November, and 1,200-1,400 MW during all other months, including the summer months, ERCOT reported today in an updated analysis.
August 30, 2011
ERCOT IMM Reports Net Revenue Analysis in Annual Market Report
Independent Market Monitor Potomac Economics released today the 2010 ERCOT State of the Market Report.
August 25, 2011
Just Energy to Acquire Fulcrum Retail Holdings
Just Energy Group Inc. has entered into a Purchase and Sale Agreement pursuant to which it has agreed to acquire all of the issued and outstanding membership units of Fulcrum Retail Holdings LLC for approximately $79.4 million (all amounts in US $), subject to customary working capital adjustments.
August 23, 2011
Briefly
NRG Texas Power to Pay $35,000 to Resolve Investigation of Ancillaries Obligation
August 23, 2011
PUCT Debates Whether Offer Cap Adjustment More Efficient Than NSRS Reforms in Incenting New Generation
PUCT Commissioners yesterday debated whether adjusting the offer cap or Power Balance Penalty Curve may ultimately be a more efficient means of assuring resource adequacy versus changes in Non-Spinning Reserve Service (NSRS) and Reliability Unit Commitment (RUC).
August 23, 2011
Clean Currents Leads Retail Energy Companies in Inc. Rankings
Clean Currents led retail supply-related companies in this year's Inc. Magazine 500/5000 rankings of revenue growth at private companies from 2007 to 2010.
August 22, 2011
Ambit Energy Surpasses 600,000 Customers
Ambit Energy announced today that it has surpassed 600,000 active customers.
August 22, 2011
CPS Energy Suggests Higher ERCOT Energy Market Cap, Proposes Alternative NSRS Offer Floors
The current ERCOT market design, "may encourage other retailers to rely too heavily on short-term markets for supply," TXU Energy said in comments to the PUCT regarding changes to Non-Spinning Reserve Service (NSRS).
August 19, 2011
Texas Generators Endorse LCRA Compromise for Offer Floor for Non-Spin, RUC Service
Several generators are supporting a compromise proposal from the Lower Colorado River Authority to address the depressing energy price impacts from deployments of Non-Spinning Reserve Service in ERCOT, which would, among other things, set a minimum offer floor for online and offline Non-Spinning…
August 17, 2011
ERCOT Enters RMR Agreements with NRG, Garland Mothballed Units
The Electric Reliability Council of Texas has signed Reliability Must Run (RMR) Agreements with two Resource Entities to return Mothballed Generation Resources to service as soon as practicable to mitigate capacity shortages during the extreme heat and drought conditions impacting the ERCOT Region.
August 16, 2011
Texas Switch Holds Less Than Half a Percent of Residential ESI-IDs
Switch holds placed on customers as part of entering into a deferred payment plan with a retail electric provider apply to less than 0.5% of residential ESI IDs in ERCOT since the introduction of switch holds in June, according to data filed by the TDUs.
August 9, 2011
REPs Urge PUCT to Work Further on Simultaneous Implementation of New TDU Rate Components
The Retail Electric Provider Coalition submitted comments to the PUCT encouraging the Commission to fully implement PURA Sec. 36.210(b)(1), which seeks to minimize the impact of new and revised TDU rates by directing electric utilities to "implement simultaneously all nonfuel rates to be adjusted in…
August 2, 2011
Briefly
Windstream Corp. entered into a definitive agreement to acquire Paetec Holding Corp in a transaction valued at approximately $2.3 billion. Paetec owns retail supplier U.S. Energy Partners, as well as broker Technology Resource Solutions, Inc. (Paetec Energy)
August 1, 2011
Calpine Bullish on ERCOT Market, Evaluating Incremental Capacity Additions
Calpine said that it is "dusting off" plans to add to its existing fleet in ERCOT through incremental brownfield development, in reporting earnings Friday.
July 26, 2011
Texas Power to Focus Growth in ERCOT Market, Inorganic Growth Not Targeted
Texas Power will focus on growth "in our own backyard" in the near future, and does not expect any near-term inorganic growth at current customer valuations, David Chase, General Manager of Texas Power, told Matters yesterday.
July 20, 2011
ERCOT CEO Warns of Generation Shortage from EPA Cross-State Rule
"Texas could face a shortage of generation necessary to keep the lights on in Texas within a few years," if the U.S. EPA's Cross-State Rule is implemented as written, ERCOT CEO H.B. "Trip" Doggett said in a statement yesterday.
July 18, 2011
Briefly
Duke Energy Ohio Anticipates Beckjord Retirement due to EPA Rules
July 11, 2011
PUCT Directs ERCOT to Study Potential Adjustments to Offer Curves When Non-Spin, RUC Deployed
The PUCT has directed ERCOT to examine potential adjustments to the offer curves when Non-Spin or Reliability Unit Commitment is deployed for reliability purposes, to preserve scarcity pricing signals.
July 11, 2011
Transfer of Sharyland SPP Load to ERCOT Approved, Opening Door for Customer Choice
The PUCT approved without modification a stipulation among Sharyland Utilities, PUCT Staff, and other parties to move Sharyland's Stanton and Colorado City load from the Southwest Power Pool to ERCOT, potentially allowing for the introduction of retail choice (39070).
July 8, 2011
Calpine, LS Power Among Notable Players for First Choice Power Book
Calpine and LS Power, as well as several usual suspects, are reportedly among the parties providing indications of interest for the first round of the auction of First Choice Power by PNM Resources (see 6/10) .
July 8, 2011
Briefly:
PUCT Chairman Barry Smitherman announced today that he will be resigning from the Commission. Smitherman's term was due to expire August 31, 2013. Smitherman has served on the Commission since 2004, and as Chairman since 2007.
July 1, 2011
PUCT Identifies Two Near-Term Actions to Address Energy-Market Pricing Effects from Ancillary Deployment
The PUCT has focused attention on two relatively near-term solutions to reduce the pricing effects that various ancillary service deployments have on energy market prices in ERCOT. Specifically, such deployments tend to depress energy prices, reducing scarcity prices needed to incent new investment.
June 30, 2011
ERCOT Generators Plea for "Help" from PUCT
Calls for various changes in the ERCOT energy-only market design amount to generators seeking "help" from the PUCT in building new generation.