“The market is under quite a bit of duress,” Kenan Ogelman, ERCOT’s vice president of commercial operations, told Texas lawmakers Thursday. Moody’s Investors Service downgraded ERCOT one notch from A1 to Aa3 and revised the grid operator’s credit outlook to “negative.”
“If we don’t act to stabilize things, a worst-case scenario is that people will go under,” said Carrie Bivens, the ERCOT independent market monitor director at Potomac Economics. “It creates a cascading effect.”
The entire Texas energy structure should be illegal. There's nothing about it that does more than make a few people filthy rich while risking stability of the state & wellbeing of Texans.
notice the trump global heat death snow
eternal life Jesus eternity vs 70 yrs of struggle
Two errors. Over reliance on wind power and lack of winterization
I’m so glad they found the mistake. The problem is who ever sent the bill didn’t think 🧐”this bill seems too high!” and CORRECT IT before the average citizens were sent their bills. $16billion🤬 ?Lesson learned💡FederalRegulation are necessary. Those who fight them are GREEDY!
Just gonna correct this here. Emergency pricing existing at all is a mistake and fuck you for not saying it.
Tell that to the guy running the reactor at Chernobyl.
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