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Texas lawmakers advance eight energy bills; send two for governor's signature spglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from spglobal.com Daily Mail and Mail on Sunday newspapers.
Lubbock Avalanche-Journal You recently published an article on legislative efforts to securitize the energy market debt from Winter Storm Uri, which mistakenly labeled the $2.5 billion financial program as a “bailout.” This term fails to capture the whole picture. During a Senate Business and Commerce Hearing on SB 2227, a securitization bill, Sen. Johnson (D, TX-16), responded to a witness stating, You played by market rules, but the market wasn t functioning. In February, the market was not functioning as a free market. The Public Utility Commission of Texas and ERCOT paid natural gas companies to stay offline while raising the price of power to an unheard-of $9,000 mWh to incentivize generators to come online. None did. The market was manipulated, resulting in the loss of hundreds of lives and creating billions in artificial debt. This wasn t a failure of industry, but rather interference by regulators that caused significant harm. Passing securitization, which allows ....
To-go cocktails made permanently legal in more states TODAY 2 hrs ago Kerry Breen To-go cocktails may become a permanent fixture in some parts of the country, even as many of the coronavirus restrictions are lifted in much of the country. The portable alcoholic drinks were first offered early in the pandemic, as restaurants and bars struggled to stay afloat and states relaxed regulations. Before the pandemic, more than two dozen states allowed restaurants to sell beer and wine to-go, but not mixed drinks, according to the Pew Research Center. During the pandemic, restrictions were loosened. Now, 11 states have made their rules permanent, according to the Distilled Spirits Council. Iowa, Ohio, Kentucky, Wisconsin, Montana, Arkansas, West Virginia, Georgia, Oklahoma and, most recently, Texas and Florida, will make their pandemic drink rules permanent. ....
A deviation from ERCOT rules : Interim CEO s comments raise questions about power pricing during storm FacebookTwitterEmail Brad Jones, interim president and chief executive officer of ERCOT./ In a low-key appearance in front a Texas Senate committee last week, the interim CEO of the Electric Reliability Council of Texas, the state’s electric grid operator, appeared to make a surprising admission. Brad Jones said the operator’s decision during February’s winter storm to set prices for wholesale electricity at the highest level for 32 hours longer than may have been necessary “overrode the ERCOT protocols.” The move cost CPS Energy and other Texas utilities billions of dollars. ....
Colorado insurance data bill gets major makeover to benefit of worried industry bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.