Millions of Texans went without electricity for days in the cold. Winter Storm Uri left 111 dead. Property damage totaled $130 billion. Yet, many natural gas […]
And it specifically says in the time of a disaster, you may not engage in, as a supplier, profiteering and price gouging.” That law basically limits […]
…commissioners are allowed to earn income from the industry they regulate. In 2019, Craddick and her father, Representative Tom Craddick, a Republican from Midland, earned more […]
Nearly half of Texas’s power-plant capacity went down in February after a severe winter storm froze equipment, halted gas supplies and triggered blackouts that left more […]
They left it to the Public Utility Commission and the Texas Railroad Commission, industry-friendly regulators who didn’t require the kinds of preparation that might have kept […]
Melissa Smith lives in the Dallas area, and she’s a customer of TXU Energy, a Vistra subsidiary. After her home flooded, Smith asked her husband to […]
But power producers that had successfully served the ERCOT market throughout the emergency timeframe — having previously experienced windfall profitability as a result of supplying critically-needed […]
Abbott’s agenda got a shakeup, though, following the winter storm that battered the state weeks after his State of the State speech, killing at least 111 […]
A less expensive and ultimately more effective way to prevent or reduce the likelihood of another such crisis would be to significantly increase spending on energy […]
It’s all too easy to become cynical about the Texas Legislature. After all, the entire disaster unfolded in part because lawmakers basically ignored the recommendations made […]
Policy observers blamed the power system failure on the legislators and state agencies, who they say did not properly heed the warnings of previous storms.
Kansas City Mayor Quinton Lucas said Monday that KCI’s gas bill for February increased to $2.4 million. The bill from the airport’s Texas-based gas provider was […]
“The aftermath of a declared statewide disaster should not be a ‘jackpot’ for gas sellers,” CPS said in a lawsuit against Energy Transfer obtained by Bloomberg.
Dozens of natural gas companies failed to do the paperwork that would keep their facilities powered during an emergency, so utilities cut their electricity at the […]
The legislation, however, appears to have done little to push state regulators towards learning from their past mistakes. Despite a decade to act, state regulators repeatedly […]
This is what corruption looks like. In a leaked recording of a 48-minute conference call with investors, first reported by Texas Monthly, Public Utility Commission Chairman […]