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Texas city-run and rural electric firms face bailout over storm crisis Toggle share menu Advertisement Texas city-run and rural electric firms face bailout over storm crisis Financial strains on Texas city-owned utilities, rural electric cooperatives and the grid operator has spurred calls for state aid and lured private equity firms into plans to fix multi-billion-dollar charges. FILE PHOTO: An electrical substation is seen after winter weather caused electricity blackouts in Houston, Texas, U.S. February 20, 2021. REUTERS/Go Nakamura 08 Mar 2021 06:06PM Share this content Bookmark REUTERS: Financial strains on Texas city-owned utilities, rural electric cooperatives and the grid operator has spurred calls for state aid and lured private equity firms into plans to fix multi-billion-dollar charges.

New yorkUnited statesSan antonioDennis pidhernyKaren pierogDavid naylorGary mcwilliamsLeslie sopkoJennifer hillerNathan johnsonDavid frenchVistra corpFitch ratingsReliability council of texasElectric reliability councilChief executive david naylor