Dive Brief:

• Independent power producers have formed a coalition warning that Texas faces rolling blackouts if the state does not reform its power markets.
• The coalition, which includes Calpine, Exelon, NextEra Energy Resources and NRG Energy, wants to Texas to create a capacity market that would reward generators for meeting needs that could develop in future years.
• In a newspaper ad, the group, called Texans for Reliable Power, said the problems Texas had in keeping the lights on earlier this week as temperatures plunged was a signal that the state could be in for "regular rolling blackouts in just a few short years."

Dive Insight:

Regulators and lawmakers in Texas are considering making changes to the market to make sure there are enough power plants in the state. But many stakeholders, like the Texas Oil & Gas Association, think a capacity market will increase costs. Most likely there will be incremental change in this fast-growing state.