Texas regulators shelved the market design they once favored, agreeing with staff's recommendation that the performance credit mechanism results in “minimal” additional resource adequacy value.

ERCOT will recommend that its Board of Directors approve a reliability-must-run contract for one of three aging CPS gas units, set for retirement, to maintain reliability in the San Antonio area.

Texas regulators approved the state’s first utility resiliency plan, a $3 billion proposal from Oncor to bulk up its distribution system over the next four years to better withstand and more quickly recover extreme weather and other events.

The Texas Public Utility Commission has postponed action on Oncor Electric Delivery’s resiliency plan, the first from a state utility under new legislation.

The Texas Public Utility Commission made a rare trip out of Austin for a public hearing as it investigates CenterPoint Energy’s poor response to Hurricane Beryl in July.

Texas lawmakers and regulators are trying to figure out how a puny Category 1 hurricane could have caused the devastation in Houston that led to long-term outages, and CenterPoint Energy has borne the brunt of the scrutiny.

CenterPoint Energy executives appeared before Texas regulators to apologize for the company’s slow restoration following Hurricane Beryl’s landfall and promised to do better next time.

Beleaguered Texas utility CenterPoint Energy has come under fire from the state’s political leadership, lawmakers, regulators and citizens over its slow restoration efforts following a Category 1 hurricane.

Hurricane Beryl ripped through the Houston area after making a landfall on the Texas Gulf Coast July 8 as a Category 1 storm, leaving a trail of death and destruction in its wake.

CenterPoint Energy CFO Jason Wells, named to replace the retiring David Lesar as CEO in January, will "hit the ground running" in 2024.