A Barclays analyst also viewed Friday's action as likely leading to a Texas capacity market. "This supports our view that Texas is the only power market that supports investment," said Daniel Ford in a note to clients.
However, Marty said she has not seen a capacity model "that fits Texas. Whatever this commission develops, it will be unique to Texas," she said.
Power plant owners in the state include Luminant, a unit of Energy Future Holdings, which is owned by Kohlberg Kravis Roberts & Co LLP and other private equity firms; NRG Energy, Calpine, NextEra Energy Inc and Exelon Corp.
(Editing by Steve Orlofsky and Lisa Shumaker)
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