The Texas Energy and Power Newsletter

The Texas Energy and Power Newsletter

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The Texas Energy and Power Newsletter
The Texas Energy and Power Newsletter
The CONE of Uncertainty
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The CONE of Uncertainty

The Legislature is working to put a hard cap on the “blank check” generators would prefer

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Doug Lewin
Apr 27, 2023
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The Texas Energy and Power Newsletter
The Texas Energy and Power Newsletter
The CONE of Uncertainty
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Image Credit: Oran Viriyincy

Last winter, heading into the 88th Texas Legislative Session, there was one marquee bad idea to reshape the state’s electricity market.

The Performance Credit Mechanism, or PCM, was dreamed up by a mix of energy companies, Public Utility Commission Chairman Peter Lake, and a consultant that worked for both. It proposed steerin…

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