Tx PUC getting ready to look at more electric rules UPDATE

The Texas Public Utility Commission is taking the first steps in looking at new consumer protection rules this morning…
Two Three new docket numbers (essentially electronic file folders) were created in the PUC’s online document filing and retrieval system this morning.
Docket No. 35767:
“CONTROL NUMBER REQUEST FORM RE: RULEMAKING TO RELATING TO CERTIFICATION OF RETAIL ELECTRIC PROVIDERS
Docket No. 35768:
“CONTROL NUMBER REQUEST FORM RE: RULEMAKING TO RELATING TO RETAIL ELECTRIC PROVIDERS DISCLOSURES TO CUSTOMERS
***Docket No. 35769:
“RELATING TO ELECTRIC PROVIDERS OF LAST RESORT”***
It sounds like the first item might relate to discussions about increasing the financial requirements for retailers to offer service. One criticism many have had of the four firms that folded in the past month or so is that they didn’t have the financial strength to ride the volatility of the energy markets.
The second item could relate to an often-mentioned idea of providing a report card on retail providers, or perhaps requirements for retailers to say if they are buying the power they resell to customers through long-term contracts. It appears some of them just bought power on the spot market to meet 12-month fixed price committments and just prayed the prices didn’t go up too much.
And the third will likely address the myriad problems with the “provider of last resort” system, where consumers whose retailer goes out of business are moved to a designated provider that’s allowed to charge a rate that can be 130-percent of the spot market price for power, i.e. really, really expensive.
If you want to keep up to date with filings, this online system at the PUC can be helpful but confusing, too. Click on this link (same as above) and type in the docket numbers in the “Control Number” line to see new documents as they are filed.
Want to find out more about your existing or a future retailer? Go to this list of retail providers and find all the docket numbers related to them there. Then enter those dockets numbers in the system above. Again, you’ll get plenty of confusing information, but some useful stuff is in there too.

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