Massive Bankruptcy Tests Texas Utility Regulators

By: Jim Malewitz |

Across one full wall of Brandy Marty Marquez’s cozy state office, a whiteboard covered in multi-colored scribblings diagrams a complex maze of real and proposed corporate financial structures, along with arrows showing where billions of dollars of debt might finally land.

For the past month, Marty Marquez, one of the Texas Public Utility […]

2015-09-01T08:29:35-05:00August 29th, 2015|Texas Market|

Texas Legislative Wrap-Up: A Summary of Electricity-Related Bills Passed by the 84th Legislature

On September 1, new bills passed by the 84th Texas legislature go into effect. These bills affect a variety of Texas electric market stakeholders, including transmission and distribution utilities, electric utilities, conventional and renewable energy generators, retail customers, and desalination projects. The following is a summary of new legislation impacting the Texas power […]

2015-09-01T08:24:47-05:00August 28th, 2015|Texas Market|

Massachusetts electric utilities prepare to issue refunds to customers hit by bill recalculation

By: Shira Schoenberg |

Massachusetts’ utility companies have until September to figure out how much money they must refund consumers due to a now-abolished rule requiring them to recalculate the electric bills of customers who switched electricity suppliers this winter.

So far, only Unitil has said how much money it anticipates refunding […]

2015-09-01T08:18:18-05:00August 27th, 2015|Massachusetts Market|

Hunt Consolidated Takes the Lead in the Bidding for Oncor, Energy Future Holding’s (EFH) Transmission and Distribution Utility

By: Mark V. Burlingame, CPA |

On August 10th, Hunt Consolidated, a group of junior creditors, investment firms and the Texas teachers’ pension fund (Hunt) reached an agreement with Energy Future Holdings (EFH) in bankruptcy court for its $19 billion bid for the Oncor piece of EFH. About 10 million people or about one […]

2015-08-26T14:06:58-05:00August 26th, 2015|Texas Market|

PJM auction sees power prices soar under new reliability rules

By: Jeffrey Tomich |

Millions of electricity users throughout the Mid-Atlantic and Midwest will pay $3.4 billion more to keep the lights on in extreme conditions three years from now following an auction run by the operator of the nation’s largest electric grid to ensure reliability.

Results of PJM Interconnection’s annual capacity auction for 2018-19 […]

2015-08-26T13:58:59-05:00August 26th, 2015|Pennsylvania Market|

Public utilities chief raises red flags on Hunt plan to buy Oncor

By: Bill Hethcock |

Texas Public Utilities Commissioner Ken Anderson on Thursday raised concerns about a plan put forth by Dallas-based power company Energy Future Holdings to escape bankruptcy by selling its electricity transmission company Oncor to a consortium led by billionaire Ray L. Hunt and Hunt’s companies.

Anderson filed a memo with the commission […]

2015-08-24T12:02:57-05:00August 21st, 2015|Texas Market|