November 24, 2024

ERCOT

The Electric Reliability Council of Texas manages the flow of electric power to about 90 percent of the state’s electric load. The nonprofit independent system operator is governed by a board of directors and is subject to oversight by the Public Utility Commission of Texas and the Texas Legislature.
Admin Monitor
Texas PUC OKs Smaller Budget, Admin Fee Increases for ERCOT
The Texas PUC rejected ERCOT’s proposed budget and administration fee increase, agreeing instead to more incremental growth in its revenues.
Fluor
$10B Fund for Gas Plants on Texas Ballot
Texas voters are voting on a constitutional amendment that would create a nearly $10 billion state fund for dispatchable energy that opponents say amounts to a handout for the gas industry.
Electric cat, CC BY-SA 3.0, via Wikimedia Commons
AEP Discloses SEC Subpoenas, Investigation
American Electric Power says it's been issued two SEC subpoenas in an investigation into the company’s involvement in controversial Ohio legislation.
Shutterstock
Summer Heat Drives Strong Entergy Earnings
The New Orleans-based utility said the summer’s record-setting temperatures led to ”very strong” third-quarter results, providing an opportunity for the company to flex its investment plans.
ERCOT
ERCOT Technical Advisory Committee Briefs: Oct. 24, 2023
ERCOT stakeholders and staff tabled a protocol revision request implementing a new ancillary service that faces a tight statutory timeline.
Xcel Energy
Xcel Energy Touts Steel for Fuel 2.0 Plan
Xcel Energy says its “significant progress” on what it calls “industry-leading clean energy transition plans" will required $34-44 billion in investments through 2028.
Shutterstock
Solicitor General: SCOTUS Should Reject Texas ROFR Appeal
Solicitor General Elizabeth Prelogar urged the Supreme Court to dismiss a petition to review a 2022 appeals court ruling that found Texas’ ROFR law violates the Constitution’s dormant Commerce Clause.
CenterPoint Energy
CenterPoint Names New CEO to Replace Lesar
CenterPoint Energy CFO Jason Wells, named to replace the retiring David Lesar as CEO in January, will "hit the ground running" in 2024.
ERCOT
ERCOT Board, IMM Debate Ancillary Service Costs
ERCOT's Independent Market Monitor is defending its recent report that the grid operator’s newest ancillary service “likely” raised the real-time market’s energy value by at least $8 billion.
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NextEra’s Renewables Unit, FPL Key Performance
NextEra Energy says its renewables subsidiary had its best origination quarter in its history during the third quarter, adding about 3.25 GW to its backlog of projects.

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