Texas Regulators Shelve an Electricity Market Reform Proposal

The Public Utility Commission found that the performance credit mechanism, a financial tool the Legislature capped at $1 billion, would only marginally improve reliability of the state power grid.

Public Utilities Commission Chairman Thomas Gleeson speaks during a meeting on July 11, 2024. The PUC on Wednesday shelved the performance credit mechanism, which aimed to increase the power grid's reliability, saying it would fall short of that goal. Credit: Sergio Flores for The Texas Tribune

The Public Utility Commission on Thursday shelved the perfor…