Staff of the Public Utility Commission of Texas (Commission) and Exelon Generation Company LLC (Exelon) filed with the PUCT this Notice of Automatic Termination of a Voluntary Mitigation Plan that had been previously approved for Exelon

The VMP addressed bidding and offering behavior (see story)

The Commission entered into a Voluntary Mitigation Plan (VMP) with Exelon on August 31, 2017. Per § 3.1.1 of that VMP, the VMP automatically terminates on, "the day Exelon's Installed Generation Capacity . . . drops below 5% of the total ERCOT Installed Generation Capacity."

On April 17, 2018, sufficient assets of Exelon's subsidiary, ExGen Texas Power, were transferred in a Chapter 11 bankruptcy process to drop Exelon below 5% of the total ERCOT Installed Generation Capacity. Therefore, the VMP was automatically terminated, effective April 17, 2018.

Tags:
ERCOT   Texas   Exelon  

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