LS Power said it reached an agreement with Brazos Electric Power Cooperative to acquire 2.15 GW of its gas-fired generation in the ERCOT market.

SPP members and its board have embraced an advisory group’s report on a fast-approach future grid and directing work to address the group’s recommendations.

FERC said last week that “by operation of law” it would not reconsider its approval of one of NERC’s new cold weather reliability standards.

NYISO on Tuesday announced that veteran energy regulator Sally Talberg had joined its Board of Directors as its ninth member.

The cost of transmission congestion doubled in organized electricity markets between 2020 and 2021, rising by billions of dollars, according to Grid Strategies.

The Texas PUC has asked the state’s Texas Supreme Court to overturn a recent appeals court ruling that could unwind market transactions during Winter Storm Uri.

A Texas appeals court reversed PUC orders to keep ERCOT wholesale prices at the $9,000/MWh cap during the deadly February 2021 winter storm.

Texas lawmakers have laid out a legislative package that threatens the state’s renewable industry and provides generous incentives to thermal generation.

Vistra is taking a wait-and-see approach to ERCOT’s market redesign that is currently being debated, saying there are many details to work out.