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Power Retailers Want to Roll Back $9,000 Price Cap: Texas Update

Ercot Still Short $1.3 Billion in Energy Payments: Texas Update
Bloomberg
2/26/2021
Mark Chediak, David Wethe, Joe Carroll and Naureen S. Malik
(Bloomberg) A second day of marathon hearings on Texas’s unprecedented energy crisis raised concerns about the liquidity of the state’s power market, and who will ultimately pay for the disaster as some companies face bankruptcy.
Several utilities told Texas lawmakers Friday that they were still awaiting payment from the grid operator, known as Ercot, for power they provided during the grid emergency, with at least one worrying whether they would be paid at all. As the hearings continued into the evening, Ercot issued a notice saying they remain $1.3 billion short of what they need to pay generators, due to nonpayment from other market participants. ....

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Utility Burned Mesquite to Prevent Freezing: Texas Update

Ercot Still Short $1.3 Billion in Energy Payments: Texas Update
Bloomberg
2/26/2021
Mark Chediak, David Wethe, Joe Carroll and Naureen S. Malik
(Bloomberg) A second day of marathon hearings on Texas’s unprecedented energy crisis raised concerns about the liquidity of the state’s power market, and who will ultimately pay for the disaster as some companies face bankruptcy.
Several utilities told Texas lawmakers Friday that they were still awaiting payment from the grid operator, known as Ercot, for power they provided during the grid emergency, with at least one worrying whether they would be paid at all. As the hearings continued into the evening, Ercot issued a notice saying they remain $1.3 billion short of what they need to pay generators, due to nonpayment from other market participants. ....

United States , Colorado River , Deann Walker , Mike Kezar , Joe Biden , Phil Wilson , Brandon Creighton , Terry Naulty , Christi Craddick , Clifton Karnei , Allen Nye , Tom Hancock , Public Utility Commission , Vistra Corp , Lower Colorado River Authority , Calpine Corp , Freepoint Commodities , Texas Railroad Commission , Dyoung Energy , Diamondback Energy Inc , Power Retailers Complain Of Exorbitant Energy , Spark Energy Inc , Griddy Energy , Energy Inc , Railroad Commission , Deputy National Security Adviser Elizabeth Sherwood Randall ,

Power Retailers Want to Roll Back $9,000 Price Cap: Texas Update

Power Retailers Want to Roll Back $9,000 Price Cap: Texas Update
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United States , Colorado River , Deann Walker , Michael Fallquist , Mike Kezar , Joe Biden , Phil Wilson , Cathy Webking , Terry Naulty , Christi Craddick , Clifton Karnei , Allen Nye , Tom Hancock , Texas Energy Association For Marketers , Public Utility Commission , Lower Colorado River Authority , Freepoint Commodities , Texas Railroad Commission , Dyoung Energy , Power Retailers Complain Of Exorbitant Energy , Spark Energy Inc , Railroad Commission , Deputy National Security Adviser Elizabeth Sherwood Randall , Retailers Call , Trolling Back , Texas Energy Association ,