Dive Summary:

• The Texas Public Utility Commission has ordered the Electric Reliability Council of Texas (ERCOT) to draw up rules for a market reform measure that will increase the price of wholesale electricity during peak demand. The reform is meant to boost generating supply and reserve margins, reducing the chance of rolling outages.
• In addition, the PUC’s move "is an excellent first step toward the establishment of a better investment environment for power generators and thus, more predictable prices for consumers and benefits for the entire state economy,” said Stefaan Sercu, president of GDF Suez Energy Marketing North America.
• "Texas is dealing with several issues whereas other states are dealing with only one or two," said Travis Miller, director of Morningstar's utility analysis. "To the extent Texas figures out the best way to handle any one of those issues, other regions and states could learn how to manage their issues."

From the article:

“Power plant owners in the state include Luminant, a unit of Energy Future Holdings, which is owned by Kohlberg Kravis Roberts & Co LLP and several private equity firms; NRG Energy ; Calpine Corp ; NextEra Energy Inc and Exelon Corp.”