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Parker Waichman LLP, Fears Nachawati, PLLC & Watts Guerra LLP File Lawsuit Against Texas Energy Companies On Behalf Of Estate Of Texas Man Flores v Electric Reliability Council of Texas et al., Case No. 2021CI06224, filed in Bexar County Court at Law News provided by Share this article Share this article PORT WASHINGTON, N.Y., April 23, 2021 /PRNewswire/ -- Watts Guerra LLP, Fears Nachawati PLLC, and Parker Waichman LLP, three national law firms that have long fought to protect the rights of victims injured by the wrongdoing of large corporations, filed a wrongful taking of property and priva...

Texas Lt. Governor Calls for Reversal of $16 Billion Blackout Overcharges © Bob Daemmrich/Zuma Press Texas Lt. Gov. Dan Patrick called on the state’s grid operator and regulator to reverse $16 billion in electric overcharges that an independent market monitor said resulted from last month’s blackouts. The push by Texas’s second-most-powerful state elected official comes after the chairman of the Public Utility Commission of Texas said he wasn’t inclined to go back and reprice electricity markets, comparing that challenge to unscrambling eggs. “Correcting this $16 billion error wil...

Slideshow ( 2 images ) (Reuters) - One of the best ways to boost power grid reliability ahead of extreme weather events like the Texas freeze is a capacity market that pays generators to keep plants available, executives at two grid operators and an energy company said Thursday. Speaking at CERAWeek by IHS Markit, Chief Executive Gordon Van Welie of New England’s power grid operator ISO New England said “It really comes down to how much insurance you want to buy.” “We had the big wake up call back in January 2004 where (like Texas) we had about a third of our (natural gas) fleet not a...

Power Outages Main Cause of Oil, Gas Shut-Ins Bloomberg 2/26/2021 Naureen S. Malik, Joe Carroll, David Wethe and Mark Chediak (Bloomberg) -- Texas lawmakers’ attempt to understand why the state’s power system failed last week yielded plenty of blame but few clear answers on how to prevent a similar crisis in the future. Popular Searches In two marathon hearings, lawmakers grilled the state’s biggest power providers, its grid operator and regulators about the blackouts that left more than four million homes and businesses without heat, light and water during a deep wint...

Friday, February 26th, 2021 Oil prices took a breather on Friday after Brent traded just above $67 on Thursday. While downside risks remain, banks are now openly talking about the possibility of $100 oil at some point. OPEC+ still has the power to send oil prices down, but very few analysts are staking out overly bearish outlooks.  Texas scrutinizes blackouts. 5 members of ERCOT, the grid manager in Texas blamed for the historic outages last week, resigned on Wednesday. A sixth withdrew his application. Executives from Calpine Corp., Vistra Corp. (NYSE: VST), and NRG Energy (NYSE: NRG) bl...