The state’s electricity market monitor said in the aftermath of the storm that Texas overcharged retail electricity providers by $16 billion for the power that they then passed on to residents and businesses. Story by TexasTribune.
that would allow companies to access cheap, long-term loans to avoid passing the large costs on to consumers all at once.
“You would have to figure out who paid what to whom and sort of undo the daisy chain of transactions and sales as you’re repricing,” said Silverstein, who now works as an energy consultant in Austin.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Appeals court says state agency set electricity prices too high during 2021 winter stormA Texas appellate court agreed that the Public Utility Commission overstepped its authority during the deadly February 2021 winter storm and set electricity prices too high. It’s not yet clear if the ruling will affect consumers.
Read more »
Appeals court says state agency set electricity prices too high during 2021 winter stormThe actions by the Public Utility Commission led to billions of dollars of overcharges, the Austin-based court found. It’s not yet clear if the ruling will affect consumers.
Read more »
Biden administration tells Supreme Court Big Oil climate cases belong in state courtA lawsuit filed by several Colorado municipalities accusing ExxonMobil Corp and Suncor Energy Inc. of exacerbating climate change belongs in state court where it was filed, the Biden administration told the U.S. Supreme Court on Thursday.
Read more »
Most juvenile court judges in Ohio can’t grant witness immunity, Ohio Supreme Court holdsJuvenile courts get their power from a different portion of state law than county courts of common pleas, so they do not have the same powers, including granting witness immunity, the justices held.
Read more »
Texans could see ‘sizable’ electric rate hikes under state proposal, critics sayAs Texans continue paying off the costs of the deadly 2021 winter storm, state lawmakers...
Read more »
WTI holds down near lowest closing price since Dec 2021US crude prices ended the day down 5.2% at $68.20 a barrel, the lowest closing price since Dec. 3, 2021 and the largest one-day percentage decline in
Read more »