Texans will pay for decades as crisis tacks billions onto bills
Mark Chediak, Naureen S. Malik and Josh Saul, Bloomberg News
Texas winter storm causes energy market rally
VIDEO SIGN OUT
Now that the lights are back on in Texas, the state has to figure out whoâs going to pay for the energy crisis that plunged millions into darkness last week. It will likely be ordinary Texans.
The price tag so far: US$50.6 billion, the cost of electricity sold from early Monday, when the blackouts began, to Friday morning, according to BloombergNEF estimates. That compares with US$4.2 billion for the prior week.