AUSTIN — Texas energy leaders are pushing a market redesign of approximately $480 million per year that they said will solidify reliability of the state’s electric grid, but stakeholders are
AUSTIN — Texas energy leaders are pushing a market redesign of approximately $480 million per year that they said will solidify reliability of the state’s electric grid, but stakeholders are
“As our state takes appropriately aggressive measures to stem the tide of a disease with outsize potential to spread and harm our citizens, we must include provisions to assist families at increased risk of losing power, water and sewer service,” DeAnn Walker, the utility commission chairwoman at the time, said.
But no state money was dedicated to promoting the program to the general public; utility customers not on a special low-income list
were responsible for requesting the relief. And behind the scenes, lobbyists for utilities and trade associations were meeting with state officials in an attempt to hollow out the program.
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Utility commission refuses to reverse $16 billion in ERCOT overcharges Bob Sechler, Austin American-Statesman
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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.