XU Energy, the energy retail subsidiary of Vistra Energy (NYSE: VST), today announced a series of energy assistance programs intended to assist customers who have been adversely impacted by the extended federal government shutdown.
Texas regulators approved a proposal to change the way wholesale electricity markets work in Texas, a move expected to significantly boost revenues for power generators while increasing electricity prices for consumers and businesses.
AEP Texas has received reports from San Angelo electric customers about scammers in the area, according to a press release. People are receiving threats from the scammers about disconnecting their service if a payment to them isn’t made immediately. There have also been reports about people going door-to-door, asking to read electricity meters and then asking for payments for an offer for AEP power, the release states.
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.
EDF Renewables North America has signed a multi-year agreement with Phoenix Wind Repower, LLC, a portfolio investment of a fund managed by the Infrastructure and Power strategy at Ares Management Corporation (NYSE: ARES), to provide operations and maintenance (O&M) services for three wind projects located in Texas. With this agreement, EDF Renewables’ Asset Optimization portfolio has reached over 2,300 megawatts (MW) in Texas encompassing 15 projects and six turbine manufacturers.
Texas Energy Aggregation announced the formation of the Texas Power Pool, a new power purchasing option for Texas public entities to utilize aggregated renewable energy. Texas Power Pool services include competitive procurement of utility-scale renewables and on-site solar for state agencies, higher education, cities, independent school districts, water districts, and other public entities across Texas, including cooperative and municipal utility regions. The services are enabled by a Texas Comptroller’s Statewide Procurement Division contract awarded to Texas Energy Aggregation. Interested public entities can learn more from the State Energy Conservation Office (SECO).
EC Infosystems, a leader in Electronic Data Interchange (EDI) and Billing/Customer Information Solutions (CIS) for companies in the deregulated energy industry, has announced that they will be the overall sponsor for the 11th 2019 Energy Marketing Conference in Houston, Texas on Tuesday, April 2nd.
Luminant, a subsidiary of Vistra Energy (NYSE: VST), announced that its Upton 2 battery energy storage system project has finished construction and began operating on Dec. 31, 2018.
Twenty years ago this next June, Gov. George W. Bush signed the landmark bill fully opening our electric power grid to competition, and I led the team at the Public Utility Commission of Texas with its implementation.