The state’s energy grid operator overcharged power companies by roughly $3 billion after the winter storm — not $16 billion, the chairman of Texas’ utility regulator said Thursday.
Texas Public Utility Commission
Posted in
Winter Storm 2021
Analysis: One way or another, Texans will get the bill for fixing the electric grid
It’s going to be expensive to make sure the state’s electricity stays on during winter storms like the one that blacked out most of Texas last month, and the money will come, one way or another, from average Texans.
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Energy
Texans recovering from COVID-19 relied on machines to help them breathe. Then the power went out.
After COVID-19 hospitalizations peaked, the number of Texans dependent on home oxygen equipment was at “an all-time high” when a winter storm overwhelmed the state’s power grid in February, leaving many struggling for air.
Posted in
Winter Storm 2021
Just one Public Utility Commission member remains after another resignation in aftermath of winter storm
Shelly Botkin’s departure comes a week after the commission’s chair, DeAnn Walker, also stepped down.
Posted in
Winter Storm 2021
Oil and gas interests left to “self-regulate” in aftermath of winter storm as Texas politicians pile on to ERCOT
Politically powerful natural gas production and transportation companies, along with their regulators, appear to have so far escaped the wrath of the governor and the Legislature in the aftermath of the Texas power outages.
Posted in
Winter Storm 2021
Texas will not fix ERCOT’s $16 billion power billing mistake
The Public Utility Commission ignored its independent monitor’s recommendation to retroactively reduce the market price for power for at least part of the week of the winter storm.
Posted in
Winter Storm 2021
ERCOT overcharged power companies $16 billion for electricity during winter freeze, firm says
An independent market monitor for the Public Utility Commission of Texas wrote in a letter that the power grid operator kept market prices too high for nearly two days after widespread outages ended.
Posted in
Winter Storm 2021
CEO of Texas power grid operator terminated in aftermath of winter storm
Bill Magness is the latest official to depart following the winter storm catastrophe.
Posted in
Energy
Gov. Greg Abbott taps new head of Texas utility regulator in wake of power outages
Arthur D’Andrea replaces DeAnn Walker, who resigned earlier this week as chair of the Public Utility Commission. The governor appoints commissioners to lead the PUC, which oversees the state’s grid operator, the Electric Reliability Council of Texas.
Posted in
Winter Storm 2021
Public Utility Commission chair resigns after Texas officials criticize management of power outages
On Monday, Lt. Gov. Dan Patrick called for PUC Chair DeAnn Walker and Electric Reliability Council of Texas CEO Bill Magness to resign.
