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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
KTRK
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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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Texas power manager ERCOT overcharged companies by $16bn, threatening market stability

Texas power manager ERCOT overcharged companies by $16bn, threatening market stability
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Public Utility Commission does not plan to reverse overcharges

The Public Utility Commission of Texas, or PUC, does not plan to reverse the billions of dollars power companies were overcharged during last month’s winter storm. ....

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ERCOT overcharged power companies $16 billion for electricity during winter freeze, firm says

ERCOT overcharged power companies $16 billion for electricity during winter freeze, firm says
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ERCOT overcharged power companies $16 billion during freeze, firm says

ERCOT overcharged power companies $16 billion during freeze, firm says
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