Despite soaring spot prices and single-digit reserve margins, lenders and equity investors are still tiptoeing around new generation in ERCOT. Developers remain optimistic, however, that they will be able to raise the necessary capital to keep the lights on in Texas, using innovative structures to make up for the lack of predictable, long-term cash flows.

The content you are trying to view is restricted for Power Finance & Risk subscribers.

To continue reading, please log in using the login box in the upper right corner of this page, subscribe or take a free trial.

Subscribe

Set up your account today for full access to Power Finance & Risk.

Join our readership!

Subscribe

Free Trial

Want unlimited access, but don't feel quite ready to subscribe?

Start your free trial today!

Free Trial