Updated: 7:48 AM CST February 26, 2021
DALLAS Vistra Corporation, an Irving-based company that owns and operates power plants across Texas, said it will likely lose more than $900 million after deadly winter storms kept it from operating some of its facilities last week because of a shortage of natural gas.
“While the financial impacts of Winter Storm Uri to Vistra are not yet finalized, Vistra management preliminarily estimates the one-time adverse impact will be in the range of $900 million to [$1.3 billion],” the company stated in its 8-K filing on Friday morning. “The final amount of the estimated loss is subject to a variety of factors including, but not limited to, outstanding pricing, load, and settlement data from ERCOT, potential state corrective action, or the outcome of potential litigation arising from this event.”
The PUC decision could allow two companies that already hold more than 70% of the market share to scoop up even more consumers, which experts worry will stifle competition and raise prices for everyone in the unregulated market in the long term.
Public Utility Commission Decision May Enable Largest Electricity Providers In Texas To Become More Powerful tpr.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tpr.org Daily Mail and Mail on Sunday newspapers.
Currently, almost one million Pennsylvania residents lack access to reliable high-speed internet access, according to the FCC.
Senate votes to kill internet privacy protections Author: FOX43 Newsroom Updated: 5:07 AM EST December 14, 2020
PENNSYLVANIA, USA Today, Governor Wolf announced that more than 327,000 Pennsylvania residents will get access to high-speed internet through the Federal Communications Commission s (FCC) Rural Digital Opportunity Fund Phase I auction.
Thirteen internet providers in the state successfully bid in the auction and will now provide high-speed internet access in locations across the state that are underserved or do not have access to broadband that meets the current federal standards.
Gov Wolf Announces 327,000 Pennsylvanians Will Gain Access to High-Speed Internet through Federal Auction pa.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pa.gov Daily Mail and Mail on Sunday newspapers.