Additionally, the PUC rang the alarm, highlighting that such a ruling might clip the wings of regulatory bodies, paralyzing their ability to spring into action during future grid crises.
Texas Justices Pricing Orders : The Counter-Argument
Not everyone is on the same page, however. Opposing power titans like Exelon Generation Co. LLC and Luminant Energy Co. LLC, who had triumphed in challenging the pricing decrees, were adamant. They petitioned the Texas Supreme Court to steer clear of the case. Their stance? The lower court nailed it. The PUC, they argue, trespassed its authority boundaries by setting such exorbitant prices. This move, they claim, burdened utilities and, by extension, the everyday consumer with astronomical charges, without actually bringing power back, ensuring grid stability, or rectifying a pricing model that seemed to be functioning as intended.
Texas Justices Pricing Orders: The Next Chapter
The courtroom is poised to be a battlefield once more with oral arguments scheduled for January 30, 2024.
Texas Justices Pricing Orders : Representation
The Texas PUC will be championed by a formidable team from the Texas Attorney General’s Office. On the other side, Distributed Generation Solutions leans on The Castañeda Firm, while TexGen Power entrusts Kirkland & Ellis LLP. Heavyweights like Calpine and Talen Energy are backed by Baker Botts LLP. Meanwhile, Exelon has Eversheds Sutherland in their corner, and Luminant leans on a coalition from Enoch Kever PLLC, Gibson Dunn & Crutcher LLP, and Vistra Corp.
