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State Capital Highlights: Political fallout from winter storm continues

The number of people in Texas hospitalized with COVID-19 has declined more than 28 percent in the past month, according to the Texas Department of Health Services. As of Feb. ....

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ERCOT CEO Defends Power Outages As Texas Lawmakers Probe Winter Storm Response – Houston Public Media

ERCOT CEO Defends Power Outages As Texas Lawmakers Probe Winter Storm Response
Bill Magness, CEO of the Electric Reliability Council of Texas, said widespread blackouts during last week’s winter storm were necessary to prevent grid failure.
February 25, 2021, 6:00 AM
Curtis Morgan, the CEO of Vistra Corp., at table left, testifies as the Committees on State Affairs and Energy Resources holds a joint public hearing to consider the factors that led to statewide electrical blackouts, Thursday, Feb. 25, 2021, in Austin, Texas. The hearings were the first in Texas since a blackout that was one of the worst in U.S. history, leaving more than 4 million customers without power and heat in subfreezing temperatures. ....

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'Who's at fault?' Texas lawmakers grill regulators, energy industry over power crisis but get few answers

AUSTIN Lawmakers grilled energy industry stakeholders for hours Thursday as they reviewed the many failures in the state’s energy system last week that. ....

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Power outages lead to staggering $900M financial hit for Irving-based Vistra Energy

Updated: 7:48 AM CST February 26, 2021
DALLAS Vistra Corporation, an Irving-based company that owns and operates power plants across Texas, said it will likely lose more than $900 million after deadly winter storms kept it from operating some of its facilities last week because of a shortage of natural gas.
“While the financial impacts of Winter Storm Uri to Vistra are not yet finalized, Vistra management preliminarily estimates the one-time adverse impact will be in the range of $900 million to [$1.3 billion],” the company stated in its 8-K filing on Friday morning. “The final amount of the estimated loss is subject to a variety of factors including, but not limited to, outstanding pricing, load, and settlement data from ERCOT, potential state corrective action, or the outcome of potential litigation arising from this event.” ....

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WATCH: Texas Lawmakers Hold First Hearings On Historic Blackouts

Updated 11:11 p.m.
The head of the state s power grid operator on Thursday defended the group’s decision to order widespread blackouts during last week s winter storm, telling state lawmakers that doing so helped prevent a larger disaster.
Last week’s freezing weather led to skyrocketing demand and unprecedented strain on the power grid, forcing the Electric Reliability Council of Texas to enact sustained outages across the state to keep its grid from collapsing.
But in response to a question from state Sen. John Whitmire, D-Houston, ERCOT CEO Bill Magness said that he had no regrets about the response, and that he made the right call to avoid a major grid failure that could have left Texans in the dark for weeks. ....

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