See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

Texas Supreme Court sides with regulators over electricity price hikes during 2021 winter storm

Posted on AllSides June 17th, 2024
From The Center

Some power companies went bankrupt after ERCOT was directed to set prices to the maximum allowable level. AUSTIN, Texas — The Texas Supreme Court said the Public Utility Commission (PUC) was within its right to adjust electricity pricing during the deadly 2021 winter storm. Attorneys for Luminant Energy argued the PUC overstepped its authority by directing the Electric Reliability Council of Texas (ERCOT) to set prices to the maximum allowed at the time. Power plants then sold electricity for $9,000 per megawatt for 32 hours. Friday's decision rejected the challenge...

Read full story
https://kens5.com/article/news/local/texas/electricity-prices-winter-storm-texas-supreme-court-ruling/269-b337a5a5-fd61-400a-a04a-c7572e66604b

More News about Politics from the Left, Center and Right

From the Left

From the Center

From the Right