Some Thoughts on Today’s Texas Retail Energy Space
Posted on: 08-10-2011 at 1:13pm
By Stream Energy Chairman Rob Snyder
Upon my return from Houston last evening, I was directed to this post via an email by one of our Ignite associates. I do not know the identity of the author of this blog, but I have in the past read some posts at the Texas Electricity Ratings blog — and found the views of this blog owner highly insightful, if not always 100% accurate.
Anyway: our blogger friend is about 90% correct in this post, which is the first public realization that I have thus far seen that appreciates what is now happening in the ERCOT retailer sector.
However, I am fairly certain that the blogger misunderstands the perspective and manner by which most of the market’s bigger players procure their wholesale energy: and can assert in any case that he is completely off-base in respect of any perceived dangers, difficulties or hardships to Stream Energy – as the only thing that has been making us sweat at the InfoMart is when we exit the building to walk to our cars at the end of the day.
You are so right..Tell it like it is..That’s why you, Rob are highly respected…
I am an Ignite Associate and Mr. Snyder identified and anticipated this extraordinarily hot summer exposure a number of months ago when I heard him speak at one of the conventions. I believe it was at the end of April in Maryland. He’s right when he says all Stream is sweating is when the employees walk outdoors. Mr. Snyder, as always, is on top of things and plans ahead and plans wisely. Kudoos to you, Rob Snyder. That’s why we are proud to represent Stream Energy.
Rob,
I’m glad to hear that Stream Energy is in good shape. It’s good that some of the big guys aren’t getting pinched too terribly by this unfortunate heat wave. I also appreciate your kind words about my blog.