Texas electric industry financial crisis to grow as more costs surface

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The Texas electricity market faces 'insurmountable distress' as more gas and service bills come due, power industry officials said on Thursday at a hearing into financial fallout from the state's February blackout.

- The Texas electricity market faces “insurmountable distress” as more gas and service bills come due, power industry officials said on Thursday at a hearing into financial fallout from the state’s February blackout.

Consumers facing bills for broken water pipes and food losses will see higher prices as costs get passed down through rate increases or fewer choices in providers, officials said. Future spending on weather defenses and grid linkages could add billions of dollars to the recovery. San Antonio’s city-owned utility expects about $1 billion in extra costs.

Part of the deficit was covered by tapping internal grid accounts, but the rest eventually will be passed along to all grid users, straining those that have covered their initial bills, an official said.

 

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Samsung, don’t build your plant in Texas. The grid and government is unstable.

改制归到国家电网才是正道

It's almost as if in modern society, there's benefits for working as a community over trying to do it all alone.

So Abbot did away with masks to get the focus off his incompetence — what will he do now? Pretty sure Fox will let him on to lie his ass off and OAN will let him lie his wheels off.

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