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Article content (Bloomberg) — Texas lawmakers are grilling power executives, regulators and others for a second day about why the state’s energy system failed last week. So far the hearings have led to plenty of finger-pointing but few clear answers about how to prevent a similar crisis in the future. Executives from Calpine Corp., Vistra Corp. and NRG Energy Inc. blamed natural gas-supply shortages, grid disturbances and a lack of communication from the grid operator known as Ercot. Ercot, meanwhile, said it simply followed the rules and direction set by the state’s Public Utility Comm...

Publishing date: Feb 26, 2021  •  February 26, 2021  •  4 minute read  •  Article content (Bloomberg) — Texas lawmakers are grilling power executives, regulators and others for a second day about why the state’s energy system failed last week. So far the hearings have led to plenty of finger-pointing but few clear answers about how to prevent a similar crisis in the future. Executives from Calpine Corp., Vistra Corp. and NRG Energy Inc. blamed natural gas-supply shortages, grid disturbances and a lack of communication from the grid operator known as Ercot. Ercot, meanwhile, s...

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...