Texas Grapples With Crushing Power Bills After Freeze

is over, but the settling of the massive bills left behind has just begun.

Residents, businesses and cities face soaring bills from the deep freeze that last week gripped the second most-populous U.S. state after California, sending electricity and natural gas prices skyrocketing andWholesale power prices on Texas’ main power grid hit the ceiling price of $9,000 per megawatt hour for parts of five straight days. That was exponentially higher than the average price, which was $21.

Now power retailers and municipal utilities are trying to figure out how to pass on the billions of dollars in costs to customers, some of whom face bills in the thousands of dollars that may need to be stretched out over time., city leaders are looking to borrow up to $300 million to cover fuel expenses from last week, which amounts to around $2,000 for each of the city’s 150,000 residents.

Wow !! Hopefully they figured out ... it will stress out the ppl those crazy bills. Please God help them.

Texas 🤣 too big to fail

They’re also working with Texas politicians to permit FEMA funds to be used to pay electric bills, thus passing the cost of funding their windfall on to US taxpayers.

You can earn €11000 with a little investment of €1000 in 7 working days?....DM me dan_savage_ to get started.

GovAbbott, JohnCornyn, tedcruz replouiegohmert, RonnyJacksonTX better figure out how to make this not happen and stand up for Texans versus spending every moment on the former guy who won't be anything other than a 'bar-a-logo' occupant up to his ass in lawsuits.

acfou Why is that consumers have to pay for bad corporate decisions? Companies knew about the risk not to winterize the transmission lines, they knew that weather can be 'unusual' if anything they cheated consumers & now they make them scapegoats. Charge politicians for complacency.

ADOPT DIRECT BENEFIT TRANSFER SYSTEM AS IS DONE IN INDIA. NAGARAJ FROM BENGALURU

Who are we kidding? We all know the tax payers will be on the hook for their neglect. And another horribly run company will make out Scott free... its literally how this country has been run since at least the 90's

Their power grid fails and they want consumers to pay lmfao. They’ve made billions of dollars suck it up buttercup

Oh they'll find a way. Republikkkans are notorious liars and thieves. They'll be ok.

Would have cost a lot less if they had invested in winterizing ahead of time. Some regulation is needed for basic services that hold up the fabric of our society.

This was happen telangana aslo we have received Bill of 8000 for small house around two families had got this tsnpdcl

Capitalism is fine

Just down right wrong...

Yeah we have to love God's commandments we've really been trashing ourselves overdosing

Why the hell do they have to pay?

good

Dallas judge says discontinue your credit card asap and do not pay those bills!

Sounds like Texas isn’t the paradise Republicans would have you believe it is

Texans get strangled by Adam Smith's invisible hand. They should very carefully consider their votes in the next round of elections.

These bills are not legitimate they must be cancelled, everyone should pay no more than 50 bucks a month, elonmusk joerogan and other millionaires and billionaires can pay the rest

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Texas Democrats chart path to turn Lone Star State blueIn the aftermath of the winter weather crisis in Texas, Democrats see an opportunity to mobilize voters ahead of the 2022 midterm elections and beyond. Texas has to do SOMETHING bc the longer it’s under GOP control, the more it will resemble a third world country. We have to tackle the issue of Republican gerrymandering and voter suppression. Get their asses we support you guys thinking of Texas always get them Stacy their asses. Flip
Source: ABC - 🏆 471. / 51 Read more »

Texas energy executives face state lawmakers for catastrophic grid failureTexas Gov. Greg Abbott said ERCOT, which manages 90% of the state’s power grid, is responsible for the devastation that resulted from the blackout. He said that it did not take the winter storm seriously. So it wasn't the windmills? Capitalism and GOP deregulation Texas Gov. Greg Abbott was responsible.
Source: ABC - 🏆 471. / 51 Read more »

Texas State Reps Furious That Industry Didn’t Raise Widespread Alarm About Risk Of Power CrisisWarnings about the potential for widespread power failures never spread far beyond the rarefied arena of power plant operators and company executives. There were reports that were ignored. HAHAHAHAHHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHHA!!!!!!!!!!!! What a bunch of lying assholes. 10 years ago EVERYONE was warned about the risks and needed upgrades. Farmer furious that the fox did not raise alarm about the risk to the chickens.
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