Page 8 - பிரேசோஸ் மின்சார பவர் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Utility commission refuses to reverse $16 billion in ERCOT overcharges Bob Sechler, Austin American-Statesman Replay Video UP NEXT About $16 billion in overcharges for wholesale electricity racked up because of a pricing error during the massive failure of the state s power grid last month won t be reversed, after Texas utility regulators rejected a recommendation that they make the change. “It s just nearly impossible to unscramble this sort of egg, Arthur D Andrea, the new chair of the Public Utility Commission, said during a commission meeting Friday. Potomac Economics, a Virginia-based firm that s paid by the state to provide an arm s-length assessment of the Texas power grid, recommended Thursday in a letter to the commission that the overcharges which were billed to retail electric providers, distributors and others be reversed by retroactively lowering wholesale electricity prices for a 32-hour period beginning Feb. 18.

United statesColorado riverDeann walkerDan patrickShelly botkinArthur dandreaRanda stephensonCatherine webkingPublic utility commissionRepresentatives of austin energyPedernales electricLower colorado river authorityBrazos electric powerReliability council of texasBluebonnet electricElectric reliability council