Page 11 - Tim Morstad News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Austin American-Statesman Blackouts have ended, but the financial fallout from the recent calamity on the state's power grid is still spreading. The three main providers of electricity to retail customers in the Austin area — Austin Energy, Pedernales Electric Cooperative and Bluebonnet Electric Cooperative — all have said their customers won't experience near-term jumps in electricity rates as a result of the historic winter storm that knocked many generators offline during the week of Feb. 15 and triggered huge price increases for wholesale electricity and natural gas. The long-term ou...

4 Min Read HOUSTON (Reuters) - The Texas electricity regulator on Wednesday ordered cuts to emergency fees paid to generators amid a financial crisis in its power market, but adjourned without acting on calls to protect consumers from price spikes. Slideshow ( 3 images ) A mid-February storm temporarily knocked out up to half the state’s generating plants, triggering outages that killed dozens and pushed power prices to 10 times the normal rate. About $47 billion in one-time costs are threatening companies that sell, transmit or generate electricity in the state. Consumers will see higher p...

Download our NBC DFW mobile app for Apple or Android to get alerts for local breaking news and weather. So where does that leave Griddy customers? Providers of Last Resort Will Provide Power Customers who were still with Griddy on Friday will be transitioned to what’s known as a Provider of Last Resort or POLR. It’s considered a safety net for customers, but consumer advocates warn it’s not always the best deal. “It's going to be very important for customers who are shifted to the Provider of Last Resort to take a look at the plan that they're put on because they very likely might wan...

Time and again Texas regulators and lawmakers furthered the interests of large electricity providers

* 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...