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April 20, 2021
ERCOT Won't Seek To Correct Prices; Says It Cannot Determine Accurate Prices Because Recalculation Would Require ERCOT To Make Significant Assumptions Concerning Operating Behavior Of Market Participants
April 14, 2021
The ERCOT Board has approved ERCOT's request to correct prices for operating day February 15, 2021 due to what was termed a software error affecting the calculation of Real-Time On-Line Reliability Deployment Price Adders (RTORDPAs).
April 14, 2021
The Electric Reliability Council of Texas, Inc. (ERCOT) filed with the Texas PUC a Notice of Planned Implementation of Default Uplift Invoice Process, "to provide clarity to the Commission and ERCOT Market Participants regarding ERCOT’s understanding of the ERCOT Protocols that control the Default…
April 12, 2021
During Confirmation Hearing, Earlier PUC Nominee McAdams "Agrees" Extended $9,000 Pricing Was Wrong
Texas Governor Greg Abbott has appointed Peter Lake to the Public Utility Commission of Texas (PUC) for a term set to expire September 1, 2023.
April 8, 2021
The Public Utility Commission of Texas recently entered into a Rule 11 agreement with Luminant Energy Company LLC in which both parties agreed that, among other things, "The PUC has not prejudged or made a final decision on whether to reprice," the ERCOT market during any period of the recent…
April 7, 2021
During an open meeting today, Texas PUC Chairman Arthur C. D'Andrea directed Staff to propose for publication a rule change under which the "50 times FIP [fuel index price]" provision in the scarcity pricing rule would be eliminated
April 5, 2021
ERCOT issued a market notice stating that, on April 1, 2021, Luminant Generation Company LLC ("Luminant") notified ERCOT that it is withdrawing the Notification of Suspension of Operations (NSO) for TRSES_UNIT6.
April 1, 2021
Texas House Considers Securitization Bill Which Could Be Broadly Open To Retail Electric Providers & Their Costs From Winter Storm, Other ERCOT Market Participants
April 1, 2021
* This is a breaking news alert. This story will be updated as noted below with later developments. You may need to refresh your page to see the latest update
April 1, 2021
Hull Street Energy announced today that it has entered into a definitive agreement to acquire 100% of the ownership interests in the Waterbury Generation facility from a subsidiary of ENGIE North America.
March 29, 2021
Text for the engrossed version of Texas bill SB 3 has been posted
March 26, 2021
A Coalition of Competitive Retail Electric Providers (CCR) filed comments in support of a motion, filed by Exelon Generation, for rehearing of the Texas PUC's decisions February 15 and 16, 2021 which had the effect of setting ERCOT energy market prices at $9,000 per MWh during the winter weather…
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
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 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 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 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
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 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…
