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Beginning on February 13, 2021, something unprecedented happened in the state of Texas a winter storm caused temperatures to dip well-below freezing. This event, dubbed the “Black Swan Winter Event,” caused Texas to experience a catastrophic energy crisis. As demand for energy soared, supply plummeted as power plants tripped offline and natural gas supply lines froze. The storm raged on, and on February 16, the Public Utility Commission of Texas (“PUCT”), which oversees the Electric Reliability Council of Texas, Inc. (“ERCOT”), issued a directive to ERCOT (an independent system operator that serves as a clearinghouse for market transactions between electricity buyers and sellers throughout the majority of Texas) instructing it to raise prices to $9,000 per MWh. The previous three months’ average was between $21 and $29 per MWh.
Full Dallas Appellate Court To Consider ERCOT Immunity
law360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from law360.com Daily Mail and Mail on Sunday newspapers.
Black Hills Energy files for rate increase that could affect Pueblo
chieftain.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chieftain.com Daily Mail and Mail on Sunday newspapers.
Parker Waichman LLP, Fears Nachawati, PLLC & Watts Guerra LLP File Lawsuit Against Texas Energy Companies On Behalf Of Estate Of Texas Man
Flores v Electric Reliability Council of Texas et al., Case No. 2021CI06224, filed in Bexar County Court at Law
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PORT WASHINGTON, N.Y., April 23, 2021 /PRNewswire/ Watts Guerra LLP, Fears Nachawati PLLC, and Parker Waichman LLP, three national law firms that have long fought to protect the rights of victims injured by the wrongdoing of large corporations, filed a wrongful taking of property and private nuisance lawsuit on April 1, 2021 against Electric Reliability Council of Texas, Inc. ( ERCOT ), CPS Energy, Calpine Corp., Luminant Generation Co., Vistra Corp., Duke Energy Corp., NRG Energy, Inc., Exelon Generation Co., LLC, Tenaska Gateway Partners, Ltd., and Tenaska, Inc, Inc.in District Court, Bexar County, Texas on behalf of Clara Flores, an individual residing in Bexar County, Texa