Texas energy companies failed to pay another $345 million for electricity and other services incurred during last month's cold snap, the operator of the state's grid said on Monday.
Overhead power lines are seen during record-breaking temperatures in Houston, Texas, February 17, 2021.Texas energy companies failed to pay another $345 million for electricity and other services incurred during last month's cold snap, the operator of the state's grid said on Monday.last month as 48% of its generating plants went offline, fueling up to $9,000 per megawatt hour spot rates and $25,000 per mwh service fees. Those charges drove one provider into bankruptcy on Monday.
ERCOT did not disclose which companies failed to pay the bills, but said it will begin naming firms and the amounts they have failed to pay in the future.
Push that liability onto non-wealthy Texas taxpayers, stat!
Now let me guess they'll need a 'socialism' bailout 🤣
We got hit with Tx Freeze Water Damage No Water have to go distribution center to pick up Utility drain account to -7955 Family member doing Chemo Need assist until Fed Funds arrive Need is real Direct to Cash App $Grizvacation Go Fund Me ⬇️ Thank You
We are rolling those payments, till we can overcharge on the oil we are drilling. It will all come out in the wash
This is why utilities shouldn't be privatized