Texas House Speaker Disagrees With Bill Senate Passed To Reverse ERCOT’s Overcharges
Syndicated Local – CBS Dallas / Fort Worth
AUSTIN, Texas (CBSDFW.COM) – Texas House Speaker Dade Phelan disagreed with a bill passed quickly by the State Senate on Monday, to reverse billions of dollars in overcharges by ERCOT during last month’s widespread power outages.
The state says those outages are responsible for the deaths of 57 people across Texas.
In a statement Tuesday afternoon, March 16, Phelan expressed doubts about lawmakers changing ERCOT’s pricing during February’s winter storms.
“Repricing based on disagreement with PUC and ERCOT’s management decisions is an extraordinary government intervention into the free market, which may have major consequences for both residential and commercial consumers going forward.”