Perhaps the biggest mistake Texas power players are making during the current financial crisis is not implementing a capacity market to spur investment in new baseload projects, a group of panelists told a Gulf Coast Power Association conference Thursday in Houston.

A substantial growth in wind generation in Texas has left a need for new baseload generation. However, a lack of the appropriate price signals and market uncertainty have left many market participants unwilling to transact for the long term, the panelists said.  Read More