
Texas PUC Shelves $1B Grid Credit Mechanism
The Public Utility Commission of Texas (PUCT) has unanimously decided to shelve the proposed $1 billion Performance Credit Mechanism (PCM) for power generators, concluding that it would not deliver the anticipated grid reliability benefits.
The PCM was conceived as a means to incentivize power generators within the Electric Reliability Council of Texas (ERCOT) market to be available during periods of grid stress. This initiative emerged in the aftermath of Winter Storm Uri in February 2021,...