Page 6 - Tim Morstad News Today

Austin American-Statesman Blackouts have ended, but the financial fallout from the recent calamity on the states power grid is still spreading. The three main providers of electricity to retail customers in the Austin area — Austin Energy, Pedernales Electric Cooperative and Bluebonnet Electric Cooperative — all have said their customers wont experience near-term jumps in electricity rates as a result of the historic winter storm that knocked many generators offline during the week of Feb. ...

4 Min Read HOUSTON (Reuters) - The Texas electricity regulator on Wednesday ordered cuts to emergency fees paid to generators amid a financial crisis in its power market, but adjourned without acting on calls to protect consumers from price spikes. Slideshow ( 3 images ) A mid-February storm temporarily knocked out up to half the state’s generating plants, triggering outages that killed dozens and pushed power prices to 10 times the normal rate. About $47 billion in one-time costs are threate...

Download our NBC DFW mobile app for Apple or Android to get alerts for local breaking news and weather. So where does that leave Griddy customers? Providers of Last Resort Will Provide Power Customers who were still with Griddy on Friday will be transitioned to what’s known as a Provider of Last Resort or POLR. It’s considered a safety net for customers, but consumer advocates warn it’s not always the best deal. “Its going to be very important for customers who are shifted to the Provid...

Time and again Texas regulators and lawmakers furthered the interests of large electricity providers

* Texas power firms scream foul over millions in blackout fees * Commodities giant Freeport, eight others appeal for reprieve * Consolidation may put over 80% of retail market with two giants By Gary McWilliams HOUSTON, Feb 26 (Reuters) - Retail power marketers in Texas are appealing multi-million dollar bills from last weeks blackout that they say could cripple them and unravel Texas nearly two-decade-old experiment as the most deregulated U.S. electricity market. Wholesale prices, which last ...

HOUSTON, Texas (KTRK) -- Marcy McDaniel lives less than a mile from an east Harris County power plant, but that proximity didnt spare her from being left in the dark as the states power grid failed to keep up with demand for electricity last week. More than five million Texans faced forced outages last week. McDaniel said she struggled to stay warm as the temperature inside her house dropped to what felt like 30 degrees. "If they cant keep the power on across the street from a power plant, what...

Backers of competition in the electricity-supply business promised it would lower prices for consumers who could shop around for the best deals, just as they do for cellphone service.

How Texas Repeatedly Failed To Protect Its Power Grid Against Extreme Weather -- by Please share this article - Go to very top of page, right hand side, for social media buttons. The incident was the second in three years for North Texas-based Luminant, whose equipment malfunctions during a more severe storm in 2011 resulted in a $750,000 fine from state energy regulators for failing to deliver promised power to the grid. In the earlier cold snap, the grid was pushed to the limit and rolling bl...

How high will your electricity bill be? It depends. FacebookTwitterEmail 1of5 An electricity power station at Dallas and Live Oak. Whether most electricity bills will go up following the recent power crisis will depend on several factors.Steve Gonzales, Houston Chronicle / Staff photographerShow MoreShow Less 2of5 Power lines in Houston. Whether most electricity bills will go up following the recent power crisis will depend on several factors.Yi-Chin Lee, Houston Chronicle / Staff photographerS...

Gov. Greg Abbott and Texas lawmakers are promising relief for Texans hit with massive electric bills after a winter storm bludgeoned the state’s power grid, leaving millions of residents freezing