Mar 16, 2021
GEUS Board Chair Sue Ann Harting, right, looks on as GEUS General Manager Alicia Hooks presented information during last weekâs public hearing. The GEUS Board of Trustees is scheduled to issue $20 million in short term financing during Thursdayâs regular session.
The local electric utility system intends this week to proceed with taking out a loan to help pay the bills associated with last monthâs winter storm.
The GEUS Board of Trustees is scheduled to issue $20 million in short term financing during Thursdayâs regular session, starting at 6 p.m. in the GEUS Operations Center, 6000 Joe Ramsey Boulevard
Mar 12, 2021
Mayor David Dreiling was at Thursday s public hearing, where the GEUS Board of Trustees outlined a plan to issue $20 million in short term financing. Brad Kellar | Herald-Banner
ERCOT, which manages the majority of the electrical grid in the state of Texas, is facing billions in unpaid bills related to the winter storm in February and GEUS, Greenvilleâs electric utility system, is on the hook for part of the deficit.
The GEUS board of trustees conducted a public hearing Thursday night, where General Manager Alicia Hooks explained why the utility was planning on seeking approximately $20 million in short term financing to help defray the costs of the bill. Hooks said some electric companies are already facing bankruptcy filings due to the shortfall.