Closing of Texas Power Plant Leaves Summer Power Prices Uncertain

The Gibbons Creek Generating Station in Central Texas will not operate this summer, as reported here by the Houston Chronicle. The plant’s closure represents a loss of 470 megawatts of power. The closure will severely impact the amount of reserve power available to handle demand surges during the hot summer months, leaving the state with just a 7.4 percent margin instead of ERCOT’s goal of 13.7 percent.

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Partnership Between Carbon Creek and Xpansiv Provides Energy Markets with Unprecedented Frack-Free Natural Gas

GP Energy Management and Carbon Creek Energy are proud to announce a first-of-its kind sale in commodities markets that represents a paradigm shift in the energy industry—Frack-Free Natural Gas Certificates. Carbon Creek has entered into a contract with East Coast Power & Gas, a regional energy services company, to deliver a groundbreaking product in a multi-year deal.

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Never Fear, Retail M&A is Here

In the face of regulatory upheaval, margin pressures, and the challenges of a limited number of markets, retail M&A has been robust this year including attractive valuations for sellers and cost savings for acquirers. GP Energy Management believes that this should be very positive for retail energy provider sentiment and confidence. Read full article here

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Mega Energy Successfully Converts to EC Infosystems for EDI and Billing/CIS in Texas and Northeast Markets

EC Infosystems, a leader in Electronic Data Interchange (EDI) and Billing/Customer Information Solutions (CIS) for clients in the deregulated energy industry, announced today that Texas-based Mega Energy has officially gone live with EDI on the integrated Billing/CIS platform, UtiliBill™. Read full article here Source: https://www.businesswire.com

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