Exposure queue

160MW anchor at 98.6% availability, carrying the fleet average

WinnerSMT Houston IVAvailability160 MW · CATL · FlexGen HybridOS
Value vs guarantee
+$260K
$260,000

The largest asset in the fleet is holding above the availability guarantee under the heaviest throughput. FlexGen HybridOS control has been stable all period.

Opportunity: This one asset is the reason fleet availability clears the guarantee. Protect its uptime priority.

Recommended action

Maintain current dispatch. Use Houston IV as the availability reference point in the Axpo conversation.

Evidence

The full provenance behind this number: inputs, the calculation, the underlying series, and the source.

Inputs used
Availability this period
98.6%
Houston IV EMS (FlexGen HybridOS)
Contracted guarantee
98.0%
Houston IV contract terms
Headroom vs guarantee
+0.6 pts
Settlement calc, 2026-Q2
Rated power
160 MW / 320 MWh
Houston IV nameplate
The calculation

+$260K = availability headroom on the 160 MW anchor valued against the guarantee floor across the settlement period.

Availability above 98% guarantee+0.6 pts
On rated power160 MW
Settlement value of headroom$260,000
Underlying AVAILABILITY series, last 90 days
Source Houston IV · FlexGen HybridOS · 2026-Q2 settlement

Action timeline

Raised, actioned, expired

  1. Raised
    2026-06-04
  2. Actioned
    2026-06-05

Dispatch priority confirmed. Houston IV set as the fleet availability reference.

Related contract

What this exposure is measured against

Warranty floor SOH90.0%
Availability guarantee98.0%
Cycle envelope700/yr
RTE warranted85.0%
Augmentation cost basis$182/kWh
Contract term10 years