CEO of Texas power grid operator terminated in aftermath of storm outages kvia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kvia.com Daily Mail and Mail on Sunday newspapers.
POLITICO
Get the Morning Energy newsletter
Email
Sign Up
By signing up you agree to receive email newsletters or updates from POLITICO and you agree to our privacy policy and terms of service. You can unsubscribe at any time and you can contact us here. This sign-up form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Presented by Chevron
With help from Alex Guillén, Eric Wolff and Anthony Adragna
Editor’s Note: Morning Energy is a free version of POLITICO Pro Energy s morning newsletter, which is delivered to our subscribers each morning at 6 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action on the day’s biggest stories. Act on the news with POLITICO Pro.
An unprecedented winter storm across Texas in February inflated the price of electricity and left power providers and their customers with outrageously high bills.
Dive Brief:
Texas oil and gas regulator largely shirked responsibility for the outages that plagued the state in February, insisting that the gas industry was not the cause. I believe that my industry resolved the problem and didn t really create it, said Christi Craddick, one of three commissioners on the Texas Railroad Commission (RRC), which oversees gas utilities, pipelines and the oil and gas industry broadly, among other things. Her comments, during a House hearing investigating the outages, follow assertions from the electric power industry that many of the problems leading to the multi-day blackouts were caused by constraints in the gas supply.
Leading Off (2/26/21)
Did legislators find out who to blame for last week s mass outages?
By Matt Goodman
Published in
FrontBurner
February 26, 2021
7:30 am
Senate, House Take Aim at Who to Blame for Outages. Over the course of 14 hours yesterday, the Texas House and Senate grilled the Electric Reliability Council of Texas, which manages the state’s electricity grid. They ducked blame. The legislature grilled the Public Utilities Commission of Texas, which is supposed to oversee ERCOT. They also ducked blame, pointing the finger at the agency below them. One thing ERCOT CEO Bill Magness whose annual salary is a cool $803,000 did note is that the Legislature could change the agency’s governance power. It could give them teeth to mandate generators winterize and further protect their equipment during extreme weather events, which will surely become more common as we live through the effects of climate change. Meanwhile, Curt Morgan, the CEO of Dallas’ Vistra Energy, sai