The former head of Texas' power grid said a decision to keep electricity prices high during last year's storm came from the governor.
It’s Texas Governor Greg Abbott’s fault that power prices during the state’s deadly 2021 winter storm shot through the roof even as the crisis was ending, a former top official with the state’s power grid testified Wednesday. This claim contradicts the official line from the governor’s office, which has maintained that Abbott had nothing to do with the decision that cost ratepayers billions of dollars.
That move ultimately cost power providers an extra $16 billion in costs; Brazos, for its part, is claiming that the decision cost it $1.9 billion alone, which dragged it into bankruptcy. After last year’s deadly storm left millions of Texans without heat for days and exposed enormous, underlying problems with the state’s electric grid, ERCOT cleaned house. While some of the organization’s officials went gracefully, Magness dug in, defending ERCOT’s decision to selectively cut power for some customers during the cold snap before ultimatelyBut Magness’s testimony on Wednesday shed new light on how those fated days may have actually gone down.
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