Texas power crisis could cripple small marketers, unravel ...
* Texas power firms scream foul over millions in blackout fees * Commodities giant Freeport, eight others appeal for reprieve * Consolidation may put over 80% of retail market with two giants By Gary McWilliams HOUSTON, Feb 26 (Reuters) - Retail power marketers in Texas are appealing multi-million dollar bills from last week's blackout that they say could cripple them and unravel Texas' nearly two-decade-old experiment as the most deregulated U.S. electricity market. Wholesale prices, which last year averaged $26 a megawatt hour, soared to $9,000 per MWh for days as grid operators tried to qu...
Source: trust.org