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AUSTIN — Lawmakers grilled energy industry stakeholders for hours Thursday as they reviewed the many failures in the state’s energy system last week that...

Ercot Still Short $1.3 Billion in Energy Payments: Texas Update Bloomberg 2/26/2021 Mark Chediak, David Wethe, Joe Carroll and Naureen S. Malik (Bloomberg) -- A second day of marathon hearings on Texas’s unprecedented energy crisis raised concerns about the liquidity of the state’s power market, and who will ultimately pay for the disaster as some companies face bankruptcy. Several utilities told Texas lawmakers Friday that they were still awaiting payment from the grid operator, known as Ercot, for power they provided during the grid emergency, with at least one worryin...

Opinion Texas leaders, don’t let the snowstorms be your excuse to give us a snow job on electricity reform Focus on the grid — but also on protecting consumers. Take advantage of the current interest in the Texas electricity system to enact stronger consumer controls, Watchdog Dave Lieber suggests.(Dave Lieber) From: The Watchdog I’m thrilled that you’ve turned your attention to our broken, embarrassing, deceptive, failing electricity system. I wish it had happened a decade ago, but now is better than never. Too bad it took death and devastation to make it happen. You owe us, and The ...

Express Briefing: Texas phone companies team up to sue Public Utilities Commission Feb. 26, 2021 FacebookTwitterEmail Good morning. This is a look at our daily Express Briefing newsletter. Sign up for Express Briefing here. Subscribers get access to the full version of our Express Briefing newsletter, which includes exclusive insight and links to more of our best stories. To become a subscriber, take advantage of this special offer today. TOP STORIES The lawsuit alleges the Texas Universal Service Fund shrank as a result of PUC inaction, leading to a 70 percent cut in payments to phone serv...

Were regulators right to push power prices to the maximum in Texas? FacebookTwitterEmail Yi-Chin Lee, Houston Chronicle / Staff photographer With power generators knocked offline and outages rolling across Texas on Feb. 15, wholesale electricity markets in Texas presented a puzzle. Power was trading between $1,000 and $2,000 per megawatt-hour, a very high price, but not one that reflected the severe power shortages crippling the state. That evening, the Public Utility Commission stepped in, ordering the state’s grid manager, the Electric Reliability Council of Texas, to declare a level thre...