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Public Utility Commission of Texas rejects $16 billion ERCOT charge correction KTRK Share: HOUSTON, Texas (KTRK) The state s regulator of electric utilities rejected a proposal to reverse $16 billion in power pricing during the week of the winter storm that caused power outages across the state. Potomac Economics, the independent market monitor for the Public Utility Commission of Texas, which oversees ERCOT, wrote in a letter to the Public Utility Commission that ERCOT kept market prices for power too high for nearly two more days after widespread outages ended late Feb. 17. It should have reset the prices the following day. PUC chairman Arthur D Andrea said the proposal would not accomplish what many people believed it would.

United statesPatrick woodsonCarrie bivensArthur dandreaKeaton foxPublic utility commissionPublic utility commission of texasClean energy holdingsArthurd andreaAnalyst keaton foxPotomac economicsEnergy holdingsPublic utilityTexas puc meetingTexas public utility commission meetingWhat is ercot