November 4, 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.
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McAdams Says He Will Resign from Texas PUC
The Texas PUC's Will McAdams said during an SPP stakeholder meeting he intends to resign from his regulatory position before the year is up.
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Overheard at 20th Texas Energy Summit
The 20th Texas Energy Summit, organized by the Texas A&M University System’s Energy Systems Laboratory, again focused on the intersection of air quality and energy.
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NRG’s Gutierrez Steps down as CEO, Director
Mauricio Gutierrez has stepped down as NRG Energy’s CEO, an apparent victim of a push by activist investor Elliott Investment Management to reshape the organization’s leadership.
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ERCOT Cancels RFP for Additional Winter Capacity
ERCOT canceled its effort to procure 3,000 MW of additional capacity this winter after “limited response” resulted in 11.1 MW of offers.
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Bivens Resigns as ERCOT’s Market Monitor
The Texas Public Utility Commission and Potomac Economics' Carrie Bivens have both confirmed that she is resigning as ERCOT’s Independent Market Monitor.
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Brad Jones, Former ERCOT, NYISO CEO, Dies at 60

Friends, co-workers and others who had known Brad Jones recalled his memory after his sudden death.

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.

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