Exelon Voluntary Mitigation Plan In ERCOT Automatically Terminated As Market Share Falls
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.