Following the deadly blackouts that left millions of people without electricity and heat for days in subfreezing conditions, the Texas power grid president and CEO has been terminated. On Wednesday, The board of the Electric Reliability Council of Texas, responsible for 90% of the state’s power, sent Bill Magness a …
Read More »Texas Electricity Firm Files For Bankruptcy After Winter Storm Blackouts
Texas’s biggest and oldest electric power cooperative filed for bankruptcy protection in federal court in Houston on Monday, citing a $1.8 billion bill from the state’s grid operator as the cause. Brazos Electric Power Cooperative Inc, which serves over 660,000 customers throughout Texas, is one of the thousands of companies …
Read More »Texas Homeowners Hit With Electric Bill As High As $17K For One Month
Texas historic winter storm and power outages weren’t the only blow residents received. According to the New York Post, some Texans are receiving electricity bills in the thousands. Ty Williams, a Dallas-area resident, typically gets a bill for $600, but amid the recent winter storm and the need for heat, …
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