The Public Utility Commission has filed an appeal of a recent ruling that voided two emergency pricing orders made during the 2021 winter storm, orders that...
AUSTIN — The Texas commission that regulates the state’s power grid has appealedto the Texas Supreme Court that has the potential to upend billions of dollars spent and made on energy during the deadly 2021 winter storm.
The Texas 3rd Court of Appeals made a blockbuster ruling on March 17 that opened the door for so-called repricing — an effort to change the cost of electricity sold during the disastrous winter freeze that killed more than 200 people. . Sky high electricity and natural gas prices during the storm sent several power providers into steep debt and has led to numerous bankruptcies and lawsuits.
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