Board leaders of Texas' grid operator ERCOT resign after winter storm outages

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• msn.com20 minutes ago
• Biden is reportedly discussing an infrastructure spending plan in the wake of devastating winter storms
• South still grappling with water crisis following devastating winter storm Senate Democrats prepare to advance the $1.9 trillion stimulus plan without a $15-an-hour minimum wage © Patrick Semansky/AP Photo President Joe Biden speaks in Texas. Patrick Semansky/AP Photo President Joe Biden has reportedly begun talks with lawmakers about infrastructure spending. His plan to rebuild roads and bridges may have a hefty price tag, The Associated Press reported.  Bidens team has used this months harsh winter storm in Texas to talk about his plans.  Visit the Business section of...
• cbslocal.com32 minutes ago
• Texas Public Utilities Commission Chair DeAnn Walker Resigns Following Outcry Over Power Grid Failures
• AUSTIN, Texas (CBSDFW.COM) – Public Utilities Commission of Texas Chair DeAnn Walker resigned Monday, March 1, effectively immediately. Calls for her resignation came during hearings last week, following the failure of Texas’ power grid during the winter storms which left about four million Texans without power for days during the coldest temperatures in decades. Former Chair of the Public Utility Commission of Texas, DeAnn Walker (Texas Legislature). A spokesperson for Gov. Greg Abbott said,  “The Governor thanks Chairman Walker for her years of service to the State of Texas. Our...
• cbslocal.com54 minutes ago
• Mezcal Mexican Restaurant & Bar Operator Pays More Than $500K After Withholding Tips, Violating Wage Requirements
• BALTIMORE (WJZ) — A Maryland restaurant operator recently paid more than $500,000 in back wages, damages and penalties after a federal court judgement found it withheld tips and violated wage agreements. The U.S. District Court for the District of Maryland in Baltimore’s investigation recovered a total of $499,258 in back wages and liquidated damages for 62 workers employed by the operator of Mezcal Mexican Restaurant and Bar in Owings Mills and Lutherville, Maryland. READ MORE: 1 Dead, One Hospitalized In Pedestrian Crash At Mondawmin Mall They found “numerous violations” of...
• cbslocal.com3 hour(s) ago
• Shocked By Their Failure To Respond, Lt. Gov. Dan Patrick Calls For Resignations Of PUC Chair And ERCOT CEO
• HOUSTON (CBSDFW.COM) – Lt. Gov. Dan Patrick is calling for the resignations of Public Utility Commission (PUC) Chairman DeAnn Walker and Electric Reliability Council of Texas (ERCOT) President and CEO Bill Magness. He release the following statement: READ MORE: Stimulus Check Update: Some May See Even More Money From Potential Economic Relief Package “Immediately following the storm, I pledged to the people of Texas that I would get to the bottom of the crippling power outages that began on February 15, leading to tragic loss of life and billions in damages...
• dailycaller.com5 hour(s) ago
• Texas Attorney General Sues Energy Provider After Winter Storm Left Millions Without Power
• Texas Attorney General Ken Paxton filed a lawsuit Monday against power provider Griddy, accusing them of using deceptive business practices to overcharge customers during the winter storm that left millions without power. The lawsuit alleges that Texans who used Griddy as their power company were surprised by “astronomical electricity bills” during the storm. February’s winter storm left millions of Texans without power or water and is estimated to cost around $18 billion in damage. “Griddy, the company that promised Texans cheap ‘wholesale’ prices that would consistently beat traditional energy costs,...
• cvbj.biz5 hour(s) ago
• For $ 10 Billion In Debt, The Oldest Texas Electric Company Declares Bankruptcy
• March 1, 2021 12:45 PM | With information from EFE 15 minutes. Brazos Electric, the oldest and largest electric power company in Texas, announced Monday that it has filed for bankruptcy because its debts amount to $ 10 billion and its assets are only $ 1 billion. Signature provides energy to 16 distribution cooperatives and serves more than 1.5 million residents. However, it was hit by 2 winter storms in February. They left some 4.3 million businesses and homes without electricity for several days in the state. “Before the harsh...
• thehill.com5 hour(s) ago
• Texas electric cooperative files for bankruptcy after massive storm
• Brazos Electric Power Cooperative Inc. (BEPC), the largest and oldest power cooperative in Texas, has filed for bankruptcy due to a disputed $1.8 billion bill from the state’s grid operator, Reuters reports. BEPC, which provides power to over 660,000 consumers in Texas, is among the dozens of providers that are facing hefty charges from the Electric Reliability Council of Texas (ERCOT) after freezing temperatures left millions of households in the state without power in February. Reuters added that BEPC executive Clifton Karnei, who signed the companys bankruptcy submissions, sat on ERCOTs board of directors...
• usnews.com5 hour(s) ago
• Texas Power Company Seeks Bankruptcy Protection After Storm
• By MICHELLE CHAPMAN, AP Business Writer The largest and oldest and power cooperative in Texas is filing for Chapter 11 bankruptcy protection citing last months winter storm that left millions without power. Brazos Electric Power Cooperative Inc., which serves 16 distribution member cooperatives that cater to more than 1.5 million Texans, said Monday that it was a “financially robust, stable company prior to the severe cold weather that hit Texas between February 13 and February 19. As temperatures plunged and snow and ice whipped the state, much of Texas’ power...
• washingtonexaminer.com6 hour(s) ago
• Texans may not be able to sue electric council for damages
• The Electric Reliability Council of Texas (ERCOT), tasked with managing 90 percent of Texas’ electricity, may not be civilly liable for widespread damages caused by power outages last week, depending on how the Texas Supreme Court rules in a pending case. ERCOT has already been sued by plaintiffs alleging it caused widespread power outages in the state that led to billions of dollars worth of damage and dozens of people who died. In Harris County alone, there are already four separate lawsuits filed; three are wrongful death claims; one...
• wtop.com6 hour(s) ago
• Texas power company seeks bankruptcy protection after storm
• The largest and oldest and power cooperative in Texas is filing for Chapter 11 bankruptcy protection citing last month’s winter storm that left millions without power. Brazos Electric Power Cooperative Inc., which serves 16 distribution member cooperatives that cater to more than 1.5 million Texans, said Monday that it was a “financially robust, stable company” prior to the severe cold weather that hit Texas between February 13 and February 19. As temperatures plunged and snow and ice whipped the state, much of Texas’ power grid collapsed, followed by its water...
• CNN6 hour(s) ago
• Texas attorney general sues electric company Griddy that sent huge bills during storm
• (CNN)Texas attorney general filed a lawsuit against Griddy Energy and Griddy Holdings for false, misleading, and deceptive advertising and marketing practices after the company sent sky-high electricity bills to customers during Februarys devastating winter storm.As the storm rattled Texas power grid, Griddy, which connects customers directly to the wholesale electricity market for a monthly fee, passed skyrocketing energy costs to customers with little to no warning, resulting in consumers paying hundreds or even thousands of dollars each day for electricity, Attorney General Ken Paxton, a Republican, said in a statement.The...
• thegrio.com6 hour(s) ago
• AG sues Texas utility over customers’ sky-high energy bills
• Loading the player... Texas’ attorney general said Monday he’s suing electricity provider Griddy for passing along massive bills to its customers during last month’s winter storm. The lawsuit comes days after Texas’ power grid manager effectively shut down Griddy by revoking its access to the state’s electricity market. Read More: Texas jail inmates hungry, shivering during unusual freeze Griddy charges $10 a month to give people a way to pay wholesale prices for electricity instead of a fixed rate. But when temperatures plummeted well below freezing last month, wholesale prices spiked...
• cbslocal.com7 hour(s) ago
• Texans Warned About Hiring Unlicensed Contractors For Winter Storm Cleanup
• NORTH TEXAS (CBSDFW.COM/AP) — It’s been more than two weeks since Texas Governor Greg Abbott issued a disaster declaration after a deadly winter storm caused damage across the state. Now some companies, including Mold Inspection Sciences Texas, are reminding Texans that the declaration allows out-of-state and unlicensed contractors to obtain temporary registration and to perform work on storm-damaged properties in the state. And those contractors include those performing mold assessment and remediation and material removal after burst pipes caused damage at homes and businesses across the Lone Star State. READ MORE:...
• usnews.com7 hour(s) ago
• AG Sues Texas Utility Over Customers' Sky-High Energy Bills
• AUSTIN, Texas (AP) — Texas attorney general said Monday hes suing electricity provider Griddy for passing along massive bills to its customers during last months winter storm. The lawsuit comes days after Texas power grid manager effectively shut down Griddy by revoking its access to the states electricity market. Griddy charges $10 a month to give people a way to pay wholesale prices for electricity instead of a fixed rate. But when temperatures plummeted well below freezing last month, wholesale prices spiked and Griddy customers were left with sky-high electricity...
• wtop.com8 hour(s) ago
• AG sues Texas utility over customers sky-high energy bills
• AUSTIN, Texas (AP) — Texas’ attorney general said Monday he’s suing electricity provider Griddy for passing along massive bills to its customers during last month’s winter storm. The lawsuit comes days after Texas’ power grid manager effectively shut down Griddy by revoking its access to the state’s electricity market. Griddy charges $10 a month to give people a way to pay wholesale prices for electricity instead of a fixed rate. But when temperatures plummeted well below freezing last month, wholesale prices spiked and Griddy customers were left with sky-high electricity...
• dailyvoice.com9 hour(s) ago
• Strong Wind Gusts Could Cause Power Outages As Cold Front Will Bring Chance Of Snow Showers
• The active weather pattern that marked the month of February is continuing right into March. Two days of on and off rain will end late Monday morning, March 1, followed by an Arctic cold front that will push through the region, bringing strong, gusty winds, brutal wind chill, and a chance for snow showers and squalls.  A Wind Advisory has been issued for most of the region from 4 p.m. Monday into 6 a.m. Tuesday, March 2. During that time, winds will be out of the northwest at 15 to 30...
• cbslocal.com10 hour(s) ago
• 500K+ Texans Still Under Boil Water Advisories A Week After Deadly Winter Storms
• NORTH TEXAS (CBSDFW.COM/CNN) — More than half a million Texans are still under boil water notices, or have no water at all because of burst pipes, more than a week after a deadly winter storm moved through the state and across the South, leaving millions without power for days. A total of 509,206 people were still impacted by boil water notices as of Sunday night, with 458 boil water notices in effect, according to the Texas Commission of Environmental Quality (TCEQ). An additional 1,709 boil water notices serving over 17...
• usnews.com15 hour(s) ago
• Fukushima Operator Completes Removal of Second Set of Spent Fuel Rods
• By Aaron Sheldrick TOKYO (Reuters) - Tepco, the operator of Japans wrecked Fukushima atomic plant, said it had successfully removed spent uranium fuel from a damaged reactor building in a key step in its clean up of the site after a nuclear disaster a decade ago. Formally known as Tokyo Electric Power, Tepco said it had transferred around 170 tonnes of spent uranium fuel from high up in the building to a safer location -- the second successful operation of its kind and the first to be carried out by...
• CNN15 hour(s) ago
• Over half a million Texans are still under boil water advisories a week after a winter storm brutalized the South
• (CNN)Over half a million Texans are still under boil water notices more than a week after a winter storm brutalized large swaths of the South, leaving millions without water and power for days.A total of 509,206 people were still impacted by boil water notices as of Sunday night, with 458 boil water notices in effect, according to the Texas Commission of Environmental Quality (TCEQ). An additional 1,709 boil water notices serving over 17 million Texans have been lifted, the agency said.Biden promises to help winter storm-battered Texas recover: Were in...