春天的立法 & 监管报告

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作者:Taylor Kilroy, TPPA监管顾问


在这个报告:

  • Governor Abbott Appoints Lake 和 McAdams to 举办的
  • ERCOT和抬升的默认值
  • ERCOT Report on Causes of Generator Outages 和 Derates
  • 举办的对全系统报价上限的行动
  • 《凯发彩票下载》的制定

Governor Abbott Appoints Lake 和 McAdams to 举办的

4月1日, 2021, Governor Abbott appointed Will McAdams to the 举办的 for a term set to expire September 1, 2025. McAdams was the President of the Associated Builders 和 Contractors of Texas. 在这个角色之前, 麦克亚当斯手下有多名德州议员, including Speaker Bonnen 和 Senators Hancock, Schwertner, 和弗雷泽. 麦克亚当斯也曾在美国陆军服役.

4月12日, Governor Abbott appointed Peter Lake to the 举办的 for a term set to expire September 1, 2023.  艾伯特州长也任命雷克为主席. Lake served on the Texas Water Development Board since 2015, including as Chair since 2018.  Prior to that, Lake worked at Lake Ronel Oil Company 和 VantageCap Partners.

Both Chairman Lake 和 Commissioner McAdams were confirmed by the Senate, 和 the 举办的 held its first open meeting with this new panel on May 6.

ERCOT和抬升的默认值

The February extreme winter weather event created financial turmoil for many market participants. Brazos Electric Power Cooperative, Griddy Energy, 和 Just Energy have all filed for bankruptcy. ERCOT的薪酬少了近30亿美元. ERCOT的 计算shortpayments 现将截至4月30日的情况转载如下.

交易对手总美元
巴西电力公司     1,879,466,121.60
鹰景有限公司(cp)             1,152,199.09
能源商有限责任公司             8,884,384.25
委托能源公司(cp)         296,575,527.92
GBPOWER LLC (CP)           20,317,538.50
格里迪能源有限公司(cp)           30,040,669.87
Gridplus Texas inc (cp)             1,480,209.39
HANWHA ENERGY USA HOLDINGS CORP DBA 174 POWER GLOBAL (CP)           50,177,024.93
光明能源有限公司(cp)           42,440,388.14
MQE LLC (CP)           13,713,514.69
德州电力股份有限公司                            16.29
RAYBURN COUNTRY ELECTRIC COOPERATIVE INC (CP)         641,500,254.15
电压电力供应商lp (cp)             6,441,278.62
总计     2,992,189,127.44

The list above includes cooperatives, generators, 和 REPs.  在这个时候,没有任何备忘录少支付了ERCOT.

ERCOT has entered into payment plans with two entities – 韩华能源美国控股公司灯泡凯发彩票下载有限责任公司. 灯泡公司已经付清了未偿余额, 和 the payment plan with Hanwha (which still covers a ~$50m balance) is set to be paid off by the end of the year.

ERCOT has also acknowledged that it will not begin the uplift process until after the legislative session, in hopes that one of several securitization or financing bills become law.

Both the City of Denton 和 CPS San Antonio have filed lawsuits against ERCOT, 指控, 其他要求, that the default uplift process represents an unconstitutional granting of public funds 和 an unconstitutional lending of city credit. 这些案件仍在进行中.

ERCOT Report on Causes of Generator Outages 和 Derates

2021年4月6日,ERCOT发布了它的 初步报告 on the causes of generator outages 和 derates, asserting that both during the event as a whole 和 during the most extreme operating hour, a majority of the outages 和 derates were due to weather related issues.

然而, this conclusion was based on calculating outages based on nameplate capacity, which can significantly overestimate the derate levels of wind 和 solar, 哪些不常操作于铭牌. Several stakeholders raised concerns about whether this report was a mischaracterization, 包括要求撤回的呼声.

4月28日,ERCOT提交了一份报告 补充报告 on the causes of generation outages, with more granular information on fuel type. 在开发补充剂时, ERCOT backcasted the amount of wind 和 solar that would have been available during the event, with outages tracked against that revised number. 正如预期的, 特别是对风, the supplement shows a dramatically smaller wind 和 solar outage amount.

ERCOT的 slide showing these revised numbers is reproduced below.

举办的对全系统报价上限的行动

During the February extreme winter weather event, the 举办的 suspended the mechanism where the high system wide offer cap of $9,000 per MW 和 per MWh (HCAP) would be set to the low system-wide offer cap of the greater of $2,000 per MW 和 per MWh of 50 times the Katy hub price for natural gas, referred to as the Fuel Index Price (the LCAP). During the February extreme winter weather event, 汽油价格飙升, which could have resulted in a LCAP greatly exceeding the HCAP due to the FIP multiplier.

At the 举办的’s next regularly-scheduled Open Meeting, 三月三日举行, 2021, 举办的取消了暂停, 允许LCAP生效. 加州了, 然而, note concerns with the viability of the LCAP going forward, requesting that 举办的 Staff open a project to elicit comments.

TPPA提交评论 3月19日, arguing that 1) the 举办的 should ensure that the low cap would not exceed the high cap of $9,000 /千瓦时, 2) the 举办的 should not adjust the LCAP upwards beyond its current $2,000每兆瓦时值, 和 3) to the extent that the 举办的 believes further changes are necessary, it should only adopt those after a full stakeholder process.  Other commentators agreed with the need for both LCAP reform to ensure that it could not exceed the HCAP as well as a measured approach for any other changes.

在4月7日公开会议上, the 举办的 appeared to agree with the tenor of these comments, asking that the 举办的 staff initiate a rule-making to remove the FIP multiplier 和 replace it with a make whole provision. 4月29日,举办的员工提交了一份 出版建议草案这是制定规则的第一步. 听证会目前定于6月10日举行, but it will be cancelled unless a request for the hearing is made by June 3.

《凯发彩票下载》的制定

4月23日,举办的员工启动了一个新项目, Project 52059, Review of Commission Filing Requirements. TPPA underst和s that this project is intended to make permanent one of 举办的’s first actions during the p和emic – suspending rules requiring physical copies be filed, 哪一个广受欢迎.

 

For any questions regarding this report, please contact Taylor Kilroy at tkilroy@www.bestshredderreviews.com.