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HOUSTON (Reuters) - The Texas attorney general on Wednesday said state law allows the utilities regulator to cut billions of dollars from storm-inflated electric bills, an endorsement that came hours after the ouster of the regulator who opposed retroactive cuts.
FILE PHOTO: An electrical substation is seen after winter weather caused electricity blackouts in Houston, Texas, U.S. February 20, 2021. REUTERS/Go Nakamura/File Photo
The drive to reverse $4.1 billion in emergency prices gained momentum after a magazine published inflammatory comments by Public Utility Commission Chair Arthur D’Andrea. In a March 9 call with Bank of America analysts and investors, he said he “tipped the scale” to protect utility profits. He also minimized the financial pain caused by storm pricing to municipal power companies.
By Texas News Desk
Mar 17, 2021
The Public Utility Commission of Texas has no more members seated. Governor Greg Abbott confirmed on Tuesday night that PUC Chairman Arthur D Andrea had resigned at his request. D Andrea was the last member of the three-seat commission that regulates electric, telecommunication, and water and sewer utilities in Texas. The other two, including former chair DeAnn Walker, resigned recently following the debacle caused by the winter storm last month. Abbott says he plans to name D Andrea s replacement soon.
Photo: Getty Images
Gov. Greg Abbott has accepted Public Utility Commission Chair Arthur D Andrea s resignation.
Public Utility Commission Chair Arthur D Andrea, the only remaining member of the three-seat board that regulates Texas utilities, is resigning from his post, Gov. Greg Abbott said Tuesday night.
Abbott said in a statement that he asked for and accepted D Andrea s resignation and plans to name a replacement in the coming days who will have the responsibility of charting a new and fresh course for the agency. D Andrea s resignation will be effective immediately upon the appointment of a successor, according to a copy of D Andrea s resignation letter that was obtained by The Texas Tribune.
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