March 10, 2021
Tenaska Energy, Inc. filed comments at the Texas PUC and to Chairman Arthur D'Andrea suggesting measures that the PUC could undertake to reduce certain risks associated with re-pricing, as Tenaska stated that, "We understand that repricing consistent with the Independent Market Monitor's…
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March 9, 2021
New Retail Electric Provider Listed In Latest ERCOT Short-Pay Notice
Alliance Power Company said that it has paid the invoices
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March 8, 2021
Discloses Texas Customer Count
Genie Energy today provided additional information on the financial impact to the company of Winter Storm Uri, which impacted the Texas electricity market in mid-February 2021.
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March 3, 2021
Updated With Statement From GridPlus, GridPlus Has Fulfilled All Stated Obligations ERCOT Discloses Short Pays From 2/26 and 3/1, Additional Short-Paying Retail Providers Disclosed
Volt Electricity Provider provided the following statement to EnergyChoiceMatters.com:
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March 3, 2021
Spark Reports "Sufficient Liquidity"
In reporting fourth quarter and full year 2020 earnings, Spark Energy said that it, "expect[s] the impact of winter storm Uri will result in a significant loss that will be reflected in our first quarter 2021 results of operations," but that the impact remains uncertain due to settlement data and…
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March 2, 2021
ERCOT's CEO Bill Magness in a letter to the leadership of ERCOT's Technical Advisory Committee (TAC) presented ERCOT's initial list of priority topics that ought to be addressed in the wake of the recent weather event, and creditworthiness issues are among the listed priorities.
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February 26, 2021
Reports Fiscal Third Quarter 2021 Results
Just Energy Group Inc. announced its third quarter results for fiscal year 2021 and updated its previous announcement advising that management is continuing to assess the impact of the extreme cold weather experienced in the State of Texas commencing on or about February 13, 2021 continuing through…
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February 26, 2021
Texas retail electric provider Southwest Power & Light issued an announcement stating, "Southwest Power & Light, a longstanding retail electricity provider headquartered in Texas, assures its customers of Southwest Power & Light’s commitment to serving and supporting its Texas and national customer…
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February 26, 2021
During a hearing before a Texas House committee yesterday, ERCOT CEO Bill Magness said that ERCOT is working to obtain a "credit facility" to address invoice timing and related issues facing market participants
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February 24, 2021
ERCOT Reports Further Short-Payment Of Invoices, Nearly $30 Million
ERCOT issued a market notice concerning IDR Meter Settlements as follows.
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February 24, 2021
During an ERCOT board meeting, ERCOT Staff said that it has not, as of this time, defaulted any retail electric providers since the recent weather event
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February 23, 2021
ERCOT Notes Actions Will Only Provide Limited Financial Support To Address The Market’s Current Liquidity Issues ERCOT Encourages LSEs To Explore All Available Financial And/Or Business Transition Options At This Time
ERCOT Ends Temporary Deviation From Protocol Deadlines & Timing Related To Settlements, Collateral Obligations, & Invoice Payments
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February 22, 2021
PSC Orders That Supplier Products Be Unbundled For Purposes Of Payment Posting
During an ongoing rulemaking session today on supplier consolidated billing (SCB), the Maryland PSC formally voted on several key provisions of the rules
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February 22, 2021
Spark Energy, Inc. ("Spark" or the "Company") said in an announcement that it, "wants to assure its customers that it is committed to serving and supporting its Texas customer base through this highly tumultuous time."
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February 22, 2021
Could Be Materially Adverse To Just Energy's Ability To Continue As A Going Concern
Just Energy Group Inc. ('Just Energy' or the 'Company') announced that it has, "updated its previous announcement that management is continuing to assess the impact of the extreme cold temperatures throughout the State of Texas (the 'Weather Event') on the Company, and cannot finalize its unaudited…
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February 19, 2021
ERCOT said in a market notice that, "In an attempt to protect the overall integrity of the ERCOT market by mitigating the disruption of defaults, ERCOT is using its available discretion under the Protocols to adjust collateral for Counter-Parties (CPs) on a case-by-case basis, dependent upon the…
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February 19, 2021
ERCOT Reports Two Retail Providers Failed To Make Payment On A Settlement Invoice
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February 18, 2021
CEO Of Another Retail Provider Seeks Relief From PUC, Recounts Strain From Wholesale Pricing, Generator Unavailability
A principal of a retail electric provider told EnergyChoiceMatters.com that chatter in the market is that there are 22 possible defaults of load serving entities in ERCOT due to recent prolonged scarcity pricing. The principal requested not to be named due to the sensitive nature of the information
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February 16, 2021
Just Energy Group Inc. announced today that it will miss its filing deadline of February 16, 2021 to file its unaudited interim condensed consolidated financial statements for the three and nine months ended December 31, 2020 (the 'Interim Financial Statements'), its management discussion and…
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February 15, 2021
(Earlier:) ERCOT Institutes Rotating Outages Due To 30,000 MW Of Offline Generation ERCOT Notes "Elevated Risk For Default" In Market In Coming Days
Due to the sheer amount of offline generation, outages are not rotating as would be done normally, due to the prioritization of emergency and other critical need loads
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January 7, 2021
Lightsource bp announced that it has secured a proxy generation power purchase agreement (pgPPA) with the Capital Solutions unit of Allianz Global Corporate & Specialty (AGCS), in partnership with Nephila Climate, for electricity generated by Lightsource bp’s 153 megawatt Briar Creek solar farm…
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December 10, 2020
V3 Commodities Group Holdings, LLC ("V3") today announced that it has closed a $15,000,000 wholesale commodity supply and credit facility with Robison Energy (Commercial), LLC and Robison Energy, LLC (collectively, "Robison"), each a retail energy provider serving natural gas and electricity markets…
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November 5, 2020
Capitalization, Financial Security Requirements
Staff of the Federal Energy Regulatory Commission (FERC) will convene a technical conference to discuss principles and best practices for credit risk management in organized wholesale electric markets, on February 25-26, 2021
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October 13, 2020
As coronavirus precautions continue into the winter months, retail gas market participants look to our experts on how to enter this unusual winter with confidence. In these unprecedented times, maintaining and expanding margins is vital for survival. For the retail gas markets, this is especially…
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October 9, 2020
EGSs Say Their Proposal Is Meant To Address Current, "Illegal And Discriminatory Treatment"
In a recently filed brief at the Pennsylvania PUC in the default service proceeding of Duquesne Light, Calpine Retail Holdings, LLC urged the PUC to reject a proposal from some retail electric suppliers to make Network Integration Transmission Services (NITS) a nonbypassable cost, with Duquesne…
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