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(Bloomberg) -- Texas Governor Greg Abbott has asked state lawmakers to decide whether action is needed to address $16 billion in alleged overcharges for electricity during last month’s blackouts.Legislators will debate whether the state’s public utility commission should direct the Electric Reliability Council of Texas, the grid operator known as Ercot, to retroactively adjust prices with the local power market facing a potential financial crisis.The decision to add the issue as an emergency item in the current legislative session comes after regulators declined to take up an ind...

Power grid operator Electric Reliability Council of Texas (ERCOT) made a $16 billion pricing error in the week of the winter storm that led to power outages across Texas, Potomac Economics, which monitors the state's power market, said. ERCOT kept market prices for power too high for more than a day after widespread outages ended late on Feb. 17, Potomac Economics, the independent market monitor for the Public Utility Commission of Texas, which oversees ERCOT, said in a filing.

Texas' power grid operator Electric Reliability Council of Texas (ERCOT) made a $16 billion pricing error in the week of the winter storm that led to power outages across the state, Potomac Economics, which monitors the state's power market, said.

February 24 2021 Kurt Miller is executive director of Northwest RiverPartners, a not-for-profit organization that advocates hydropower for a better Northwest. The hundreds of thousands of Oregonians who spent days without electricity, due to the recent ice storm, learned firsthand that power outages represent something more than an inconvenience. If you lose power during a period of extreme cold or heat, lives can be at risk. It's one thing to know that downed trees are causing you and your neighbors to be without electricity and that local utility crews are working 24/7 to restore it....

(Bloomberg) -- Texas blackouts triggered by frozen power infrastructure have left many wondering why the state’s electricity generators weren’t prepared for the cold.The short answer: They aren’t required to cold-proof their assets. While generators in chillier regions are typically compelled by federal or state rules to protect their plants from the elements, Texas plants can leave their pipes, valves and pressure gauges exposed. It’s cheaper that way.“The power plants in the Northeast, we put exterior closures around it,” said Michael Webber, the chi...