The top utilities regulator in Texas resigned Monday, in the widening fallout from blackouts triggered by an unusually heavy and widespread winter storm that left millions in the state without power and water for days
The largest and oldest power cooperative in Texas is filing for Chapter 11 bankruptcy protection citing last month’s winter storm that left millions without power.
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Texas PUC Chair Resigns as Outage Probe Continues
The chairwoman of the Public Utility Commission (PUC) of Texas has resigned, stepping down after the state’s lieutenant governor earlier on March 1 called for her resignation, along with that of the CEO of the state’s power grid operator.
DeAnn Walker, the PUC chair, in her resignation letter Monday to Gov. Greg Abbott, defended her actions and leveled criticisms at others as state lawmakers and energy officials continued to spar over who is to blame for widespread power outages in mid-February that left millions of electricity customers in the dark for days, many without both heat and water.
Utilities Up As Treasury Yields Level Off — Utilities Roundup morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
San Antonio’s municipal-owned utility said it racked up an estimated US$1 billion in energy costs in the winter storm that sacked Texas in February, a tally that could take residents a decade to pay. CPS Energy Chief Executive Officer Paula Gold-Williams saying during a board meeting Monday that it likely incurred US$200 million in charges from the state’s grid operator and US$800 million for fuel.