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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. ....
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. ....
Power Retailers Want to Roll Back $9,000 Price Cap: Texas Update msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
96-year-old veteran helped by Garland staff and neighbors after extended power outage, burst pipe “I don’t think I would have gone another day,” Lee Gardner told the city. From left to right: Garland City Council Member Robert John Smith, Garland Mayor Scott LeMay, Lee Gardner and Evon Bland stand in front of Gardner s home on Monday, Feb. 22, 2021, in Garland, Texas. Gardner was assisted by city staffers after going without power or water for days, according to the city.(Ray Leszcynski / City of Garland) Lee Gardner, a 96-year-old veteran, lived for days without power and water in his Garland home during last week’s freezing temperatures, the city said in a news release this week. ....
30 years of warnings to winterize Texas power plants, yet they still froze. Will Austin finally require it? newswest9.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newswest9.com Daily Mail and Mail on Sunday newspapers.