Power Export to Mexico

In May 2014, the purchaser of a Lower Rio Grande Valley power plant, in anticipation of the opening of Mexico's power market, hired Osprey personnel to advise the owners on developing a strategy to work with ERCOT and PUCT personnel to ensure a seamless transition of power flow into Mexico.

In collaboration with our client, we developed and initiated a strategy that resulted in an agreement with ERCOT in October, 2014 allowing staged export of the resource, while ensuring electric reliability in the Lower Rio Grande Valley.

The agreement between ERCOT and our client formed the basis for the Department of Energy's export authorization, issued in Spring, 2015. The plant began initially exporting power from one turbine in May, 2015 and is expected to serve Mexico exclusively beginning in October, 2016.