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June 24, 2021
The Texas PUC adopted without modification a draft proposal for adoption to modify the value of the low system-wide offer cap (LCAP) in ERCOT by eliminating a provision that ties the value of the LCAP to the natural gas price index, and replacing it with a provision that ensures resource entities…
June 21, 2021
Texas Governor Greg Abbott has signed SB 1580, a bill which authorizes electric cooperatives to securitize extraordinary costs and expenses (as defined below) from the winter weather event.
June 18, 2021
FERC issued an order providing guidance regarding the $1,000/MWh soft price cap in the Western Electricity Coordinating Council (WECC).
June 18, 2021
REPs Had Proposed Specific Cost Recovery Mechanism, Opposed Use Of Uplift
Staff of the Texas PUC have filed a draft proposal for adoption to modify the value of the low system-wide offer cap (LCAP) in ERCOT by eliminating a provision that ties the value of the LCAP to the natural gas price index, and replacing it with a provision that ensures resource entities are able to…
June 18, 2021
Noting the passage of the ERCOT market financing bill, which had been first reported by EnergyChoiceMatters.com , Just Energy Group Inc. ('Just Energy' or the 'Company') said that, "Based on current information, if the Commission [Texas PUC] approves the financing provided for in HB 4492, Just…
June 17, 2021
Final Bill Omitted Relief To REPs For 32 Hours At $9,000 After Load Shed Ended
Texas Gov. Greg Abbott has signed HB 4492, which provides a financing program available to retail electric providers for ancillary service charges and reliability deployment price adders above the $9,000 cap
June 8, 2021
Texas Gov. Greg Abbott is set to sign today at an afternoon ceremony SB 3, the ERCOT winter weather event omnibus bill, and SB 2, which revises the composition and qualifications for the ERCOT board of directors.
June 3, 2021
Also Proposes Setting Energy Prices At Offer Cap When Load Being Shed Due To ERCOT's Direction
During a Texas PUC open meeting work session, ERCOT's Vice President of Commercial Operations Kenan Ögelman said that ERCOT would be proposing two urgent protocol revisions as follows
June 2, 2021
Vistra Corp. commissioned a study by a third-party consultant to determine what ERCOT market-clearing energy prices would have been during February 15-19, 2021 in the absence of the PUC's order setting the price at the $9,000 cap
June 2, 2021
PJM's base residual auction for the 2022-23 delivery year saw Rest-of-RTO and most locational prices drop significantly versus 2021-22
May 28, 2021
With regards to the relief related to amounts from entities defaulting at ERCOT (short-pays), the Senate version of HB 4492 provides that the PUC may authorize the independent organization to establish a debt financing mechanism to finance the default balance as follows:
May 28, 2021
With regards to the relief related to amounts from entities defaulting at ERCOT (short-pays), the Senate version of HB 4492 provides that the PUC may authorize the independent organization to establish a debt financing mechanism to finance the default balance as follows:
May 27, 2021
With regards to the relief related to amounts from entities defaulting at ERCOT (short-pays), the Senate version of HB 4492 provides that the PUC may authorize the independent organization to establish a debt financing mechanism to finance the default balance as follows:
May 25, 2021
Amendment To Separate Cooperative-Focused Securitization Bill Would Force Co-ops Into "Competitive Market" If Co-ops Owing Money To ERCOT Do Not Use Securitization
May 21, 2021
Committee Substitute Omits Ancillary Service Charges From Included Costs
The Texas Senate Business & Commerce Committee has drafted a committee substitute to HB 4492 which would omit ancillary service charges, such as those ultimately charged to retail electric providers, from the costs addressed by the relief provided by the bill
May 10, 2021
Exelon Generation Company, LLC and Constellation NewEnergy, Inc. sought, in Travis County, Texas, district court, judicial review of the Texas PUC's order dated February 21, 2021 which Exelon said, "removed the monthly cap on default amounts that can be uplifted onto ERCOT market participants in the…
May 7, 2021
The Texas House has passed HB 4492 which would create a mechanism for the Public Utility Commission of Texas to authorize the securitization of ERCOT market uplift charges related to the winter weather event
May 6, 2021
The Public Utility Commission of Texas today voted to issue a proposal for publication that would change the ERCOT scarcity pricing rule to eliminate the 50-times fuel index price provision in the ERCOT market low system-wide offer cap (LCAP), such that the LCAP would be $2,000 per MWh and $2,000…
May 5, 2021
In reporting earnings today, Exelon reported a higher negative impact, versus a prior estimate, of the negative impact from the Texas winter weather event
May 4, 2021
The Texas Senate has passed a resolution (S.R. No. 342) which, "urge[s] the Public Utility Commission of Texas to significantly reduce the high system-wide offer cap and evaluate changes to the market structure."
April 29, 2021
Staff of the Texas PUC have filed proposed language for a scarcity pricing rule change to eliminate the 50-times fuel index price provision in the ERCOT market low system-wide offer cap (LCAP), such that the LCAP would be $2,000 per MWh and $2,000 per MW per hour
April 28, 2021
ERCOT in a market notice announced an adjustment to the Potential Uplift (PUL) Component of Total Potential Exposure (TPE)
April 27, 2021
BP reported profit for the first quarter of 2021 of $4.7 billion, compared with a loss of $4.4 billion a year ago
April 21, 2021
Just Energy Group Inc. ("Just Energy" or the "Company") announced today that the Company has received resettlement invoices from the Electricity Reliability Council of Texas ("ERCOT") for the week of February 15, 2021 in connection with the Texas extreme weather event in February (the “Weather Event…
April 21, 2021
Pursuant to Texas Government Code §§ 2001.035(a) and 2001.038(a), Exelon Generation Company, LLC ('Exelon Generation') and Constellation NewEnergy, Inc. ('Constellation') (collectively, 'Plaintiffs' or 'Exelon') sought from Travis County, Texas district court a declaratory judgment invalidating what…
