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US Industry in March Struggled to Rebound From Storm: Fed

US Industry in March Struggled to Rebound From Storm: Fed
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Texas House Speaker Blocks Bill Rolling Back High Electricity Prices

Opposing Texas’ top Republican officials, the state’s House speaker stonewalled a Senate-drafted bill that sought to waive $16 billion in winter storm energy surge pricing. A woman points to her electricity bill from Griddy on an app showing her energy cost of $3,114.27, outside of her home in Dallas on Feb. 19, 2021. (Ben Torres/The Dallas Morning News via AP) AUSTIN, Texas (CN) The Texas Legislature’s whirlwind week of energy legislation picked up Wednesday morning when Speaker of the House Dade Phelan rebuked a bill, drafted in the Senate and backed by top Republican state officials, that would have retroactively reduced energy prices that spiked during February’s winter storm.

Texas governor renews winter storm disaster declaration

By Reuters Staff 1 Min Read March 15 (Reuters) - Texas Governor Greg Abbott renewed the state’s winter storm disaster declaration, according to the Office of the Texas Governor website on Monday. The disaster proclamation was issued on February 12 saying the severe winter weather poses an imminent threat of widespread and severe property damage, injury, and loss of life due to prolonged freezing temperatures, heavy snow, and freezing rain statewide. (Reporting by Sumita Layek in Bengaluru)

Texas Senate Fast-Tracks Rollback of Winter Storm Electricity Prices

Texas senators, armed with an emergency mandate from the governor, blew past typical procedures to pass a bill requiring energy regulators to retroactively lower prices during the February winter storm that knocked out power for millions. A truck drives past a highway sign in Houston on Feb. 15, 2021. (AP Photo/David J. Phillip) AUSTIN, Texas (CN) Last month’s winter storm has whipped the Texas Legislature into an unusually frantic state this week. On Monday, state senators suspended the chamber’s rules, voted without a public hearing and bypassed the typical March 12 deadline for filing new bills in a scramble to pass an emergency statute aiming to reverse billions of dollars in electricity costs imposed by the state’s grid operator, the Electricity Reliability Council of Texas.

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