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ERCOT panel OKs automatic wind, solar operating plan updates

Platts

Current operating plans in the Electric Reliability Council of Texas would be automatically updated with the next seven day’s forecast for wind and photovoltaic solar generation under a rule change approved by ERCOT’s Technical Advisory Committee Thursday.
A qualified scheduling entity — a market participant that is authorized to communicate operations with …

The Hunts won’t give up on Oncor, and they’re offering new sweeteners and support

The Dallas Morning News

By Mitchell Schnurman
The Hunts are trying to get back in the hunt for Oncor Electric Delivery Co. and this time, they’re willing to share the upside with ratepayers. But is it too late?
Under a new proposal, the Hunts offer to share 20 percent of the tax savings from a unique corporate structure and provide a rate credit for two years. For Oncor’s 3.4 million customers, the tangible benefits would total $220 million in the first five years, officials said. …

Hunt back in the power struggle for Oncor

Dallas Business Journal

by Bill Hethcock
A massive deal pushed by Dallas billionaire Ray Hunt to buy Dallas-based Oncor out of bankruptcy is back in play, according to a letter from the Public Utility Commission to the president of one of Hunt’s subsidiaries.
The letter does not make it clear where a competing purchase plan from Florida-based NextEra Energy stands. …

MISO staff offers details about forward capacity auction proposal

Platts

Stakeholders peppered Midcontinent Independent System Operator staffers with dozens of questions about a proposed three-year forward capacity auction for MISO’s competitive retail areas during Thursday’s Resource Adequacy Subcommittee meeting.
MISO’s executive leadership has decided that the best way to address declining reserve margins in MISO’s competitive retail areas of Illinois and Michigan is to establish a separate …

Will Oncor Make It To the Altar This Time?

Dallas-based Oncor to be controlled by Florida company

Dallas Business Journal

Dallas-based Oncor may soon be owned by a Florida-based company.
Energy Future Holdings (EFH), which operates the electricity and power transmission company, is expected to file the documents today with the U.S. Bankruptcy Court in Delaware announcing a sale to NextEra Energy Inc (NYSE: NEE).
Final offers were presented Thursday evening in the six-week-long bidding process, according to a report from Texas Lawbook. By 9 p.m., Juno Beach, Florida-based NextEra agreed to acquire Oncor from Energy Future Holdings for $18.4 billion, according to the report. …

Florida-based NextEra agrees to $18.4 billion deal to buy Texas electricity giant Oncor

Dallas Morning News

By Jeffrey Weiss
It looks like Texas’ largest electric utility is about to get a new owner. And it’s not really a shocker. Florida-based NextEra has been pursuing Oncor for several years. And would mean the Dallas-based Hunts have lost their star-crossed battle to make a deal.
It can’t be official for a while because of bankruptcy rules, but here’s the official position of Next Era on the $18.4 billion deal: …

Up next for ERCOT decision is cost-benefit study

Lubbock Avalanche-Journal

The Public Utility Commission is seeking a cost-benefit analyses ahead of its vote on Lubbock joining the Electric Reliability Council of Texas, so for the next few weeks the impacted electric pools will meeting to determine exactly what that study will look like.
The impacted electric managers …