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March 3, 2021
Suspends Late Fees From TDUs To REPs For Recent Invoices, Except Securitization Charges
March 2, 2021
A coalition of various certificated, competitive Retail Electric Providers operating in Texas ('Coalition of Competitive Retail Electric Providers' or 'CCR') requested that the Texas PUC:
March 2, 2021
ERCOT said in a market notice that it is issuing Real-Time Market (RTM) Resettlement Statements reflecting actual IDR meter data received to date for Operating Days February 11, 2021 through February 19, 2021
March 2, 2021
Provided with an opportunity to make a statement, Bulb directed ECM to a recent letter its General Manager wrote to Texas Gov. Abbott. In the letter, Vinnie Campo, General Manager, U.S., for Bulb wrote:
March 1, 2021
Brazos Electric Power Cooperative, Inc. filed a voluntary Chapter 11 bankruptcy petition in the U.S. Bankruptcy Court for Southern District of Texas (Houston)
March 1, 2021
ERCOT said in a market notice that Qualified Scheduling Entities (QSEs) and Congestion Revenue Right Account Holders (CRRAHs) that are owed monies from ERCOT on Settlement Invoices due for payout on March 1, 2021, will notice that the amount of funds transferred is short of the balance payable on…
March 1, 2021
The Independent Market Monitor of ERCOT filed with the Texas PUC two recommendations for addressing the recent weather event
February 26, 2021
ERCOT said in a statement that it needs time to review the lawsuit in full, and will respond accordingly
February 26, 2021
ERCOT said in a Feb. 26 market notice that short payments related to Settlement Invoices due for payout on February 26, 2021 totaled over $2.1 billion, and it used $800 million from CRR Auction revenue funds to partially reduce the short-payment
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
February 25, 2021
Another REP Asks PUC To Pause ERCOT Protocol Invoice Deadlines
Freepoint Commodities LLC ('Freepoint') filed a Petition for Emergency Relief and requested that the Public Utility of Commission of Texas ('PUCT' or 'Commission') waive Section 9.6(2) of the Electric Reliability Council of Texas ('ERCOT') Nodal Protocols. Freepoint is requesting a waiver that is…
February 25, 2021
During a Texas House legislative hearing, in response to a question from a lawmaker on the issue, Vistra's president and chief executive officer Curt Morgan suggested that the state may wish to revisit the current 20% market share cap on generation ownership.
February 25, 2021
Verdigris Energy, LLC filed a letter with the Texas PUC urging the PUC to scrutinize prices for ancillary services during the recent weather event, as Verdigris noted that ancillary services prices were in excess of $20,000/MWh (Docket 51617)
February 24, 2021
ERCOT issued a market notice stating, "On February 19, 2021, Qualified Scheduling Entities (QSEs) and Congestion Revenue Right Account Holders (CRRAHs) that were owed monies from ERCOT Settlement Invoices were short-paid as a result of the failure of GRIDDY ENERGY LLC 1 (QSE) and MQE LLC (QSE) to…
February 24, 2021
Young Energy, LLC d/b/a Payless Power requested on an emergency basis that the Public Utility Commission of Texas order the Electric Reliability Council of Texas (ERCOT) to deviate from its protocol deadlines and timing related to settlements, collateral obligations, and invoice payments and suspend…
February 24, 2021
ERCOT Reports Further Short-Payment Of Invoices, Nearly $30 Million
ERCOT issued a market notice concerning IDR Meter Settlements as follows.
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
February 23, 2021
ERCOT Ends Temporary Deviation From Protocol Deadlines & Timing Related To Settlements, Collateral Obligations, & Invoice Payments
February 23, 2021
Several Texas non-residential customers, which include several cities, (Coalition of Concerned Customers) have filed a letter with the Texas PUC in support of the previously reported request from the Texas Energy Association for Marketers (TEAM) which had asked the PUC to immediately instruct ERCOT…
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February 22, 2021
Written by Thomas Pagnotta, Senior Portfolio Manager, Wood Mackenzie
The US central and southern plains experienced some of the coldest temperatures on record this past weekend, sending shockwaves through the Mid-Continent and Southern natural gas markets as spot prices reached as high as $1,250.00/mmbtu, (OnekOK). Prior to that day, the average settlement price for…
February 22, 2021
Pulse Power, LLC filed the letter republished below with the Texas PUC. Pulse's letter was dated Feb. 20
February 19, 2021
Exelon said in an 8-K that, "Beginning on February 15, 2021, Texas-based generating assets of Exelon Generation Company, LLC (Generation) within the Electric Reliability Council of Texas (ERCOT) market, specifically Colorado Bend II, Wolf Hollow II, and Handley, experienced outages as a result of…
February 19, 2021
The Texas Energy Association for Marketers filed an emergency request with the Texas PUC asking the PUC to immediately instruct ERCOT to remove, effective back to 1:05 a.m. on February 18, the administrative price adder which had been directed by the PUC to account for load shed, with ERCOT directed…
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…
February 19, 2021
FERC has terminated Docket No. AD18-7, a proceeding addressing, "Grid Resilience in Regional Transmission Organizations and Independent System Operators."
