Latest Breaking News On - பிரேசோஸ் மின்சார பவர் கூட்டுறவு இன்க் - Page 11 : comparemela.com
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3 Mar, 2021 Author Nephele KirongSelene Balasta
This is an update to the continuing financial impacts tracker:
Electricity and natural gas companies continued to warn of potential financial exposure from the February arctic freeze that caused a grid crisis in Texas, with the independent market monitor of the state s grid operator flagging flaws in certain market transactions that occurred during the winter storm.
Brazos Electric Power Cooperative Inc., the oldest and largest generation and transmission power cooperative in Texas, declared Chapter 11 bankruptcy after receiving excessively high invoices from the Electric Reliability Council Of Texas Inc. which required payment within days.
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HOUSTON (Reuters) - The Texas electricity regulator on Wednesday ordered cuts to emergency fees paid to generators amid a financial crisis in its power market, but adjourned without acting on calls to protect consumers from price spikes.
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A mid-February storm temporarily knocked out up to half the state’s generating plants, triggering outages that killed dozens and pushed power prices to 10 times the normal rate. About $47 billion in one-time costs are threatening companies that sell, transmit or generate electricity in the state. Consumers will see higher prices as the costs are passed along.
In its first meeting since the blackout, Public Utility Commissioners (PUC) agreed to revoke charges for standby power services that were not provided. The size of the charges have not been disclosed.
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