Texas PUC Outlines Review of Response to Power Disaster powermag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from powermag.com Daily Mail and Mail on Sunday newspapers.
The state’s energy grid operator overcharged power companies by roughly $3 billion after the winter storm, the chairman of Texas’ utility regulator said Thursday, pushing back on a previous report from an agency watchdog that said the companies were overcharged by $16 billion.
The state’s energy grid operator overcharged power companies by roughly $3 billion after the winter storm not $16 billion, the chairman of Texas’ utility regulator said Thursday.
San Antonio utility s second downgrade in wake of Texas power crisis bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
CPS Energy s credit rating takes a hit because of $1B in storm costs
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A Valero Energy Corp. refinery in Corpus Christi, Texas, U.S., Friday, Feb. 19, 2021. CPS Energy and other utilities are facing billions in costs from purchasing natural gas during last month’s winter storm at exorbitant prices. Photographer: Eddie Seal/BloombergEddie Seal /Bloomberg
As CPS Energy wrestles with more than $1 billion in debt from last month’s winter storm, credit rating agencies are getting nervous about the utility’s financial health.
Fitch Ratings cut CPS’s bond rating, and both Fitch and Moody’s Investor Services changed their outlook for the city-owned utility from stable to negative.