The Texas PUC agreed to replace ERCOT’s energy-only market with a performance credit mechanism, sending the proposal to an uncertain fate in the legislature.

Texas regulators narrowed their focus to the performance credit mechanism but disappointed some by not voting to recommend the market mechanism to lawmakers.

ERCOT survived a record-breaking summer and a pre-Christmas winter storm, but now it must gain lawmakers' approval of a new market design.

Texas regulators have received almost 120 comments from ERCOT stakeholders and the public about a proposed market redesign to be turned over to lawmakers.

Texas lawmakers once again grilled the PUC and ERCOT over the commission's proposed market redesign.

Texas lawmakers say they are concerned the Public Utility Commission’s proposals don’t do enough to encourage investment in new gas-fired generation.

Texas lawmakers and ERCOT stakeholders did not hold back as they took their first shots at state regulators' proposed redesign of the market.

Texas regulators are pushing a performance credit mechanism that requires load-serving entities to buy performance-based credits from generation resources.