Insurance companies sue ERCOT over damage from February's winter storm

  • 📰 FOX4
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

This lawsuit by dozens of insurance companies alleges ERCOT is responsible for the power failure last year and claims it could have been prevented.

As we head into the first winter season following the power failure last February, Texans are hoping the grid is better prepared for the cold weather. Companies filed the joint lawsuit in Travis County against ERCOT, the state's main power grid operator.

"The point of this lawsuit is to recoup those costs," said Rich Johnson, with the Insurance Council of Texas .Johnson said while this widescale lawsuit is not common in recent Texas history, similar action has been taken in other states. After widespread backlash and finger pointing to ERCOT, the Public Utility Commission, and Governor Greg Abbott, lawmakers passed multiple laws they called reforms.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 289. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Sure wish all of Texas could sue ERCOT maybe next time they will be ready

The people that suffered should sue also! For years they been taking our money then when we needed the service it was not available because of them failing to winterize

I warned them when Obama was president. 7 💔❤🖤

If you need Bulk Promotional/Marketing SMS/ OTP /Notification DM FOR Good Routes to ES/PT/IT/AU/PH/TH/USA AND OTHERS working routes, for any contents, good delivery DM for free testing and sending advice.

And who’ll be the ones paying for any settlement? Texans — Thank you GOP — you all failed Texas

we’re gonna freeze to death again aren’t we

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines