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Power grid operator Electric Reliability Council of Texas (ERCOT) made a $16 billion pricing error in the week of the winter storm that led to power outages across Texas, Potomac Economics, which monitors the state's power market, said
TEXAS: Texas grid operator needs to come up with US$1.3bil to pay power plants for energy they supplied during last week’s historic blackouts, raising the prospect it may require a state bailout.
(Reuters) - Texas state lawmakers on Thursday dug into the causes and cast blame for deadly power blackouts that left millions shivering in the dark as frigid temperatures caught its grid operator and utilities ill-prepared for skyrocketing power demand.
HOUSTON (Reuters) - President Joe Biden approved a major disaster declaration for Texas on Saturday as the state struggles with the fallout from a winter storm that killed at least two dozen people and caused widespread blackouts and water shortages.
LUBBOCK, Texas (Reuters) - A "fragile" energy grid has fully returned to life for frigid Texans who have spent five days dealing with blackouts caused by a historic winter storm, but challenges in finding drinking water and dealing with downed power lines loomed on Friday.
LUBBOCK, Texas (Reuters) - The winter storm that crippled the Texas electrical grid is moving out of the state, but freezing temperatures remain, hampering attempts to restore full power as residents struggle.
HOUSTON (Reuters) - Texas officials warned of "disasters within the disaster" of historic cold weather that left millions without heat for a third day on Wednesday, telling residents to prepare for energy to not return until the weekend.
HOUSTON: A federal regulator's order penalizing JP Morgan Chase Co's energy trading arm will not affect the unit's business activity in the Texas wholesale power market, state and federal agencies said on Wednesday.