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Texas House Speaker Disagrees With Bill Senate Passed To Reverse ERCOT's Overcharges

Texas House Speaker Disagrees With Bill Senate Passed To Reverse ERCOT’s Overcharges
Syndicated Local – CBS Dallas / Fort Worth
AUSTIN, Texas (CBSDFW.COM) – Texas House Speaker Dade Phelan disagreed with a bill passed quickly by the State Senate on Monday, to reverse billions of dollars in overcharges by ERCOT during last month’s widespread power outages.
The state says those outages are responsible for the deaths of 57 people across Texas.
In a statement Tuesday afternoon, March 16, Phelan expressed doubts about lawmakers changing ERCOT’s pricing during February’s winter storms.
“Repricing based on disagreement with PUC and ERCOT’s management decisions is an extraordinary government intervention into the free market, which may have major consequences for both residential and commercial consumers going forward.” ....

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Texas AG says more than $29 million in unpaid electric bills will be forgiven as he sues Griddy Energy

Texas AG says more than $29 million in unpaid electric bills will be forgiven as he sues Griddy Energy
The Texas attorney general says a lawsuit he filed against the energy company Griddy will keep about 24,000 Texans from having to pay $29.1 million in unpaid bills related to last month’s winter storms.
“My office sued Griddy Energy, under the Texas Deceptive Trade Practices Act, to hold them accountable for their escalation of last month’s winter storm disaster by debiting enormous amounts from customer accounts as Texans struggled to survive the storm,” AG Ken Paxton said Tuesday in a statement.
The company on Monday filed for Chapter 11 bankruptcy protection, noting more than $29 million owed to the Electric Reliability Council of Texas (ERCOT), which operates the state’s electric grid. That form of bankruptcy allows a company to restructure its debts and reorganize to pay creditors back over time. ....

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Texas' last Public Utility Commission member resigns

Texas last Public Utility Commission member resigns at Gov. Greg Abbott s request
Cassandra Pollock and Shawn Mulcahy, The Texas Tribune
March 17, 2021
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Gov. Greg Abbott has accepted Public Utility Commission Chair Arthur D Andrea s resignation.Texas Tribune / Texas Public Utility Commission
Public Utility Commission Chair Arthur D Andrea, the only remaining member of the three-seat board that regulates Texas utilities, is resigning from his post, Gov. Greg Abbott said Tuesday night.
Abbott said in a statement that he asked for and accepted D Andrea s resignation and plans to name a replacement in the coming days who will have the responsibility of charting a new and fresh course for the agency. D Andrea s resignation will be effective immediately upon the appointment of a successor, according to a copy of D Andrea s resignation letter that was obtained by The Texas Tribune. ....

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Third Texas utility commissioner resigns amid power outage fallout

5 Min Read
HOUSTON (Reuters) - The Texas attorney general on Wednesday said state law allows the utilities regulator to cut billions of dollars from storm-inflated electric bills, an endorsement that came hours after the ouster of the regulator who opposed retroactive cuts.
FILE PHOTO: An electrical substation is seen after winter weather caused electricity blackouts in Houston, Texas, U.S. February 20, 2021. REUTERS/Go Nakamura/File Photo
The drive to reverse $4.1 billion in emergency prices gained momentum after a magazine published inflammatory comments by Public Utility Commission Chair Arthur D’Andrea. In a March 9 call with Bank of America analysts and investors, he said he “tipped the scale” to protect utility profits. He also minimized the financial pain caused by storm pricing to municipal power companies. ....

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Gov. Greg Abbott Has Accepted Public Utility Commission Chair Arthur D'Andrea's Resignation – Houston Public Media

Gov. Greg Abbott has accepted Public Utility Commission Chair Arthur D’Andrea’s resignation.
Public Utility Commission Chair Arthur D’Andrea, the only remaining member of the three-seat board that regulates Texas utilities, is resigning from his post, Gov. Greg Abbott said Tuesday night.
Abbott said in a statement that he asked for and accepted D’Andrea’s resignation and plans to name “a replacement in the coming days who will have the responsibility of charting a new and fresh course for the agency.” D’Andrea’s resignation will be effective immediately upon the appointment of a successor, according to a copy of D’Andrea’s resignation letter that was obtained by The Texas Tribune. ....

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