Discussion:
TexASS Regulators Force Customers To Pay For Utility Mistakes
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Gronk
2021-12-31 05:57:02 UTC
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Slight touch up to the subject line.
Texas Gas Companies Hit Texas Consumers
With 'Whoops You Froze To Death' Surcharge
Nov 24th 2021
Texans will be paying for the effects
of last February’s cold snap for decades
to come, as the state’s oil and gas
regulator approved a plan for natural gas
utilities to recover $3.4 billion in debt
they incurred during the storm. The
regulator, the Railroad Commission, is
allowing utilities to issue bonds to cover
the debt. As a result, ratepayers could
see an increase in their bills for the next
30 years.
So not only did Texas regulators not hold
local energy utilities and frackers
accountable for not weather proofing their
infrastructure after decades of warnings,
they're happily signing off on a plan to
let them punish consumers for their own
incompetence.
https://www.techdirt.com/articles/20211115/09274947947/texas-gas-compani
es-hit-texas-consumers-with-whoops-you-froze-to-death-surcharge.shtml
Draft Dodger Bill Clinton Flunked Oxford
2021-12-31 20:55:08 UTC
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Post by Gronk
Slight touch up to the subject line.
Reads correctly now.
max headroom
2021-12-31 22:16:29 UTC
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Post by Gronk
Slight touch up to the subject line.
Texas Gas Companies Hit Texas Consumers
With 'Whoops You Froze To Death' Surcharge
Nov 24th 2021
Texans will be paying for the effects
of last February's cold snap for decades
to come, as the state's oil and gas
regulator approved a plan for natural gas
utilities to recover $3.4 billion in debt
they incurred during the storm. The
regulator, the Railroad Commission, is
allowing utilities to issue bonds to cover
the debt. As a result, ratepayers could
see an increase in their bills for the next
30 years....
Nothing special about Texas in that regard.
Gronk
2022-01-07 05:55:45 UTC
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Post by max headroom
Post by Gronk
Slight touch up to the subject line.
Texas Gas Companies Hit Texas Consumers
With 'Whoops You Froze To Death' Surcharge
Nov 24th 2021
Texans will be paying for the effects
of last February's cold snap for decades
to come, as the state's oil and gas
regulator approved a plan for natural gas
utilities to recover $3.4 billion in debt
they incurred during the storm. The
regulator, the Railroad Commission, is
allowing utilities to issue bonds to cover
the debt. As a result, ratepayers could
see an increase in their bills for the next
30 years....
Nothing special about Texas in that regard.
https://www.texasmonthly.com/news-politics/wall-street-profited-off-texas-blackouts/

While many Texans last week were worried about sky-high electric bills
from February’s winter storms, the state’s sole utility commissioner was
privately reassuring out-of-state investors who profited from the crisis
that he was working to keep their windfall safe.

Texas Monthly has obtained a recording of a 48-minute call on March 9 in
which Texas Public Utility Commission chairman Arthur D’Andrea discussed
the fallout from the February power crisis with investors. During that
call, which was hosted by Bank of America Securities and closed to the
public and news media, D’Andrea took pains to ease investors’ concerns
that electricity trades, transacted at the highest prices the market
allows, might be reversed, potentially costing trading firms and publicly
traded generating companies millions of dollars.

“I apologize for the uncertainty,” D’Andrea said, promising to put “the
weight of the commission” behind efforts to keep billions of dollars from
being returned to utilities that were forced—thanks to decisions by the
PUC—to buy power at sky-high prices, even after the worst of the blackout
had passed.
max headroom
2022-01-07 19:02:46 UTC
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Post by Gronk
Post by max headroom
Post by Gronk
Slight touch up to the subject line.
Texas Gas Companies Hit Texas Consumers
With 'Whoops You Froze To Death' Surcharge
Nov 24th 2021
Texans will be paying for the effects
of last February's cold snap for decades
to come, as the state's oil and gas
regulator approved a plan for natural gas
utilities to recover $3.4 billion in debt
they incurred during the storm. The
regulator, the Railroad Commission, is
allowing utilities to issue bonds to cover
the debt. As a result, ratepayers could
see an increase in their bills for the next
30 years....
Nothing special about Texas in that regard.
https://www.texasmonthly.com/news-politics/wall-street-profited-off-texas-blackouts/
While many Texans last week were worried about sky-high electric bills
from February's winter storms, the state's sole utility commissioner was
privately reassuring out-of-state investors who profited from the crisis
that he was working to keep their windfall safe.
Texas Monthly has obtained a recording of a 48-minute call on March 9 in
which Texas Public Utility Commission chairman Arthur D'Andrea discussed
the fallout from the February power crisis with investors. During that
call, which was hosted by Bank of America Securities and closed to the
public and news media, D'Andrea took pains to ease investors' concerns
that electricity trades, transacted at the highest prices the market
allows, might be reversed, potentially costing trading firms and publicly
traded generating companies millions of dollars.
"I apologize for the uncertainty," D'Andrea said, promising to put "the
weight of the commission" behind efforts to keep billions of dollars from
being returned to utilities that were forced-thanks to decisions by the
PUC-to buy power at sky-high prices, even after the worst of the blackout
had passed.
Still nothing special about Texas in that regard.

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