“Power costs soared to $47 billion, pushing three Texas electricity companies into bankruptcy and sparking a battle between lawmakers and the PUC over the handling of the crisis. But the decision to leave wholesale power prices at about 400 times the normal rate was “a proactive decision and not an error,” Speaker of the House Dade Phelan said in a tweet. The state’s independent market adviser has called the decision to hold prices high in the final 32 hours a mistake that could be corrected, aiding city-owned and rural utility companies. About $4.2 billion in overcharges could be eliminated by cutting some rates, adviser Carrie Bivens testified.”