CONSUMER ALERT: What you should know if your electricity provider goes out of business
Debbie Strauss, Special Projects Producer
Robert Arnold, Investigative Reporter
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HOUSTON – The fallout continues after last month’s historic winter storm that crippled the Texas power grid.
The Electric Reliability Council of Texas announced this week that retail providers are behind by $345 million in payments. The power providers that are in default of payment are now trying to figure out what is next for their companies and what to do with their customers. Other providers on the ERCOT list say they are not behind on payments and their customers do not have to make a change.
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The Public Utility Commission of Texas has issued a series of orders since Friday, February 19, 2021 to address the potential of mass transitions of retail electric customers and retail billing issues resulting from the extreme weather event last week.
Delegation of Authority to the Executive Director and Granting Exception to the Commission’s Rules (Project Nos. 50500 and 51812)
On Friday, February 19, 2021, the Texas PUC held an emergency meeting and voted to approve an order related to the designation of Retail Electric Providers (“REPs”) to serve as Volunteer Retail Electric Provider (“VREP”) because of the potential of mass transitions of retail electric customers to Providers of Last Resort (“POLR”). The Order was not filed until this morning. See attached.
Legal, legislative, and procurement issues related to this week’s widespread failures of the Texas power grid have and will continue to result in significant losses for numerous.
About CenterPoint Energy
CenterPoint Energy is a Fortune 500 electric and natural gas utility serving several markets in the U.S. states of Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. It was formerly known as Reliant Energy (from which it is now separated), NorAm Energy, Houston Industries, and HL&P. The company is headquartered in the CenterPoint Energy Tower at 1111 Louisiana Street in Downtown Houston.[2][3] Some of its notable subscribers include Retail Electric Providers (REPs), such as NRG Energy, Champion Energy, Dynowatt, Ambit Energy, Texas Power, Bounce Energy, MXenergy, Direct Energy, Stream Energy, First Texas Energy Corporation, Gexa Energy, Cirro Energy, and Kona Energy.