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How Texas electric regulators tried to limit COVID relief program

“As our state takes appropriately aggressive measures to stem the tide of a disease with outsize potential to spread and harm our citizens, we must include provisions to assist families at increased risk of losing power, water and sewer service,” DeAnn Walker, the utility commission chairwoman at the time, said.
But no state money was dedicated to promoting the program to the general public; utility customers not on a special low-income list
were responsible for requesting the relief. And behind the scenes, lobbyists for utilities and trade associations were meeting with state officials in an attempt to hollow out the program. ....

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Texas' Public Utility Commission Will Not Lower Electricity Prices That Skyrocketed In The Blackout

KUT
A pedestrian carries a gasoline can in South Austin during February s winter storm. Hundreds of thousands of Austinites lost power during the freeze.
Texas regulators on Friday chose not to lower the price of electricity in the days following last month’s blackout. The decision has massive implications for Texas ratepayers, electric companies and power generators.
During the deadly Texas blackout last month, the wholesale price of electricity skyrocketed to its highest allowable rate: $9,000 per megawatt hour. The Electric Reliability Council of Texas, the state’s grid operator, allowed it to stay that high for days after.
In a hearing Thursday before the state Senate s Committee on Business and Commerce, ERCOT said maintaining the high price was necessary to manage the re-powering of parts of the grid that had been cut off. ....

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Texas' Public Utility Commission Will Not Lower Electricity Prices That Skyrocketed In The Blackout

Texas' Public Utility Commission Will Not Lower Electricity Prices That Skyrocketed In The Blackout
tpr.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tpr.org Daily Mail and Mail on Sunday newspapers.

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ERCOT overcharged power companies $16 billion for electricity during winter freeze, firm says

ERCOT overcharged power companies $16 billion for electricity during winter freeze, firm says
sacurrent.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sacurrent.com Daily Mail and Mail on Sunday newspapers.

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Power Retailers Want to Roll Back $9,000 Price Cap: Texas Update

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 worrying whether they would be paid at all. As the hearings continued into the evening, Ercot issued a notice saying they remain $1.3 billion short of what they need to pay generators, due to nonpayment from other market participants. ....

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