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Bill to force ERCOT to reverse at least $6 billion in overcharges dies in House

A bill that would force the reversal of more than $6 billion in electricity overcharges by the state's grid operator won't get a vote on the House floor, according to Lt. Governor Dan Patrick. ....

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Public Utility Commission of Texas considers $16 billion ERCOT charge correction

The Public Utility Commission of Texas rejects reversing a $16 billion error in ERCOT pricing during the week of the winter storm that caused power outages across the state. ....

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Public Utility Commission of Texas rejects $16 billion ERCOT charge correction

Public Utility Commission of Texas rejects $16 billion ERCOT charge correction
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HOUSTON, Texas (KTRK) The state s regulator of electric utilities rejected a proposal to reverse $16 billion in power pricing during the week of the winter storm that caused power outages across the state.
Potomac Economics, the independent market monitor for the Public Utility Commission of Texas, which oversees ERCOT, wrote in a letter to the Public Utility Commission that ERCOT kept market prices for power too high for nearly two more days after widespread outages ended late Feb. 17. It should have reset the prices the following day.
PUC chairman Arthur D Andrea said the proposal would not accomplish what many people believed it would. ....

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CEO Of Texas Power Grid Operator 'Terminated' In Aftermath Of Winter Storm – Houston Public Media

Bill Magness is the latest official to depart following the winter storm catastrophe. ....

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Texas power crisis: Will lawmakers really change the Texas grid?

State leaders continue to probe what went wrong with the power grid during the February winter storm and what can be done to keep it from happening again.
First, there needs to be a central point of accountability, he said. And clearly, with the disparate system the way it is now, and you saw it come out in the hearings, people were doing this. It s not my fault, it s their fault.
Rosenthal watched the first set of hearings on the issue last week and is submitting a package of bills called STEP UP (Securing Texas Energy Power Utilities Package) which he hopes is part of comprehensive change, accountability, oversight, weatherization, and better regulation of the system. ....

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