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San Antonio utility's bill for five-day freeze becomes long-term debt 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 is trying to prevent large electricity bills for its customers. On Friday, the city-owned utility company announced it filed a suit against the Electric Reliability Council of Texas (ERCOT) in Bexar County District Court to protect its customers from excessive, illegitimate, and illegal prices. CPS is suing ERCOT for breach of contract, negligence and violation of the Texas Constitution. The suit comes after ERCOT forced energy companies to conduct 15-mintue rolling outages during the devastating February snowstorm. The action left many Texans without heat and power for days. The injustice of imposing an erroneous, excessive and unlawful cost on San Antonians who suffered during a storm cannot be allowed, Mayor Ron Nirenberg said in a press conference with CPS on Friday. ERCOT botched the storm response, and the regulators should be held accountable for their own mistakes. ....
'We are fighting to protect our customers': CPS Energy files lawsuit against ERCOT kiiitv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kiiitv.com Daily Mail and Mail on Sunday newspapers.
CPS Energy Takes Further Steps To Protect Customers From Excessive, Illegitimate And Illegal Prices News provided by Share this article Share this article SAN ANTONIO, March 12, 2021 /PRNewswire/ Today, CPS Energy filed suit against the Electric Reliability Council of Texas (ERCOT) in Bexar County District Court to protect its customers from excessive, illegitimate and illegal prices. CPS Energy is taking this action to defend its customers. Those who suffered the consequences of ERCOT s failure must not be victimized by one of the largest illegal transfers of wealth in the history of Texas, too, said San Antonio Mayor Ron Nirenberg. Ensuring the fair treatment of customers and preventing them from additional harm by outrageous, excessive charges is essential, and we are fighting to achieve that goal. ....