The Brownwood City Council on Tuesday approved making a one-time payment of $269,238.54 to ERCOT for ancillary service charges. The impact of the February winter storm resulted in high ancillary services costs that are billed to the City under its agreement with Gexa Energy.
The council was presented three options of payment:
Pay the entire amount by June 4, 2021.
Pay the charges monthly beginning with the invoice for June 2021 usage and continuing through December 2022. The monthly additional charge would be $14,493.63. This amount over the term would cost the city a total of $275,389.42, which includes interest in the amount of $6,150.88.
Pay the charges monthly beginning with the invoice for June 2021 usage and continuing through December 2028. The monthly additional charge would be $4,049.08 and would cost the city a total of $368,466.28, which includes interest in the amount of $99,227.74.