The Texas Legislature on Tuesday passed legislation that gives incumbent utilities the right of first refusal to build transmission projects in the state.

NRG Energy said it expects to return to service an inactive Texas gas plant in time for summer, giving ERCOT additional capacity to play with.

Citing hedging losses in ERCOT, NRG Energy reported a 60% drop in earnings from continuing operations for the first quarter.

Fast-moving Texas legislation that would give incumbent utilities the right of first refusal to build transmission projects is on the brink of passage.

ERCOT staff and stakeholders are drafting protocol revisions to avoid a repeat of the cold-weather event that resulted in resources being forced to adjust their outage schedules.

The Texas Reliability Entity has revised its self-certification process to make it more efficient for registered entities.

NextEra Energy said it expects to continue increasing adjusted earnings near the top end of a previously disclosed 6-8% growth rate for the year.

The ERCOT Technical Advisory Committee’s leadership has canceled the committee’s April 24 meeting because of a “limited number of items to be considered.”

ERCOT staff warned that forward energy markets indicate high prices this summer, which could lead to unexpected increases in credit obligations.

A combined $1.37 billion worth of transactions involving Oncor, Sharyland Utilities and Sempra Energy all but gained regulatory approval from the PUCT.