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Denton paid $210M for electricity during February winter storm. They had budgeted $83.3M for the year
Denton Municipal Electric is suing ERCOT over what it says is an unconstitutional raid on the credit of it and other cities.
Author: Tanya Eiserer, Jason Trahan
Published: 8:00 PM CDT May 6, 2021
Updated: 8:35 PM CDT May 6, 2021
DENTON, Texas The city of Denton’s power plant was running strong during February’s winter storms, burning natural gas to make electricity.
Then came the call.
The plant’s supplier was cutting off its natural gas. The supplier didn’t explain why.
“My jaw dropped,” said Antonio Puente, Denton Municipal Electric’s general manager. “We all understood what that meant, and the fact that that we were going to be exposed to very high prices.” ....

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