1/ Fights over electricity prices during last month’s winter storm in Texas have been brewing at the state Capitol for weeks.
Here’s the latest. #TXlege bit.ly/30S1nqr
Here’s the latest. #TXlege bit.ly/30S1nqr
2/ A firm found ERCOT artificially inflated prices and overbilled energy companies by $16 billion last month.
The chair of the PUC — who is now resigning — has said he doesn’t have the authority to retroactively adjust those prices.
But not everyone agrees.
The chair of the PUC — who is now resigning — has said he doesn’t have the authority to retroactively adjust those prices.
But not everyone agrees.
3/ Texas Lt. Gov. Dan Patrick called those charges a “mistake.” He wants them undone.
The Texas Senate rushed through legislation this week that would force the PUC to do exactly that. bit.ly/30S1nqr
The Texas Senate rushed through legislation this week that would force the PUC to do exactly that. bit.ly/30S1nqr
4/ But the legislation hit a wall in the Texas House.
House Speaker Dade Phelan, R-Beaumont, said in a statement Tuesday that there was “no error.”
He also expressed skepticism about reversing such charges. bit.ly/30S1nqr
House Speaker Dade Phelan, R-Beaumont, said in a statement Tuesday that there was “no error.”
He also expressed skepticism about reversing such charges. bit.ly/30S1nqr
5/ In the middle of this, PUC chairman Arthur D’Andrea resigned Tuesday — shortly after @TexasMonthly reported that he privately reassured out-of-state investors who profited from the winter storm crisis that he was working to keep their windfall safe. texasmonthly.com/news-politics/…
6/ Texas Attorney General Ken Paxton joined the fray on Wednesday by issuing a legal opinion that said a court would likely conclude that readjusting prices is legal as long as it "furthers a compelling public interest." bit.ly/30S1nqr
7/7 It’s still not clear how much the billing dispute will impact Texans.
At least some of the additional costs incurred by retail electric providers would likely be passed on to customers through rate increases. But that would vary by company. bit.ly/30S1nqr
At least some of the additional costs incurred by retail electric providers would likely be passed on to customers through rate increases. But that would vary by company. bit.ly/30S1nqr
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