2014 Archives

'Dynamic' year ahead for Texas power retailers, big and small

Excerpt

The following is from the March 17, 2014, edition of EnergyWire. Bruce Bullock, director of SMU's Maguire Energy Institute, provided expertise for this story.

March 25, 2014

Edward Klump
E&E reporter

HOUSTON -- Consumers can go with Amigo or Champion. Bounce or Reach. And don't forget Reliant or TXU, both derived from legacy utilities.

Welcome to deregulated retail power in Texas, where the guiding theme for more than a decade has been choice. This year, consumers may want to sort through current events along with the latest online offers.

The parent of TXU Energy is under pressure from a leveraged buyout that's expected to lead to a bankruptcy filing. Proton Energy, a small retailer based in Fort Worth, faces heavy fines and the possible loss of its license. NRG Energy Inc., Reliant's owner, plans to buy the Cirro brand to expand its Texas presence. And fluctuating natural gas prices threaten to raise electric rates, especially for people on variable plans.

"It should be one of the more dynamic years in that marketplace," said Bruce Bullock, director of the Maguire Energy Institute at Southern Methodist University. "You've certainly got consolidation. You've got obviously some enforcement actions going on. The natural gas price issue's obviously going to cause some economic changes and impact customers."

Read the full story.

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