Texas PUC Chairwoman Resigns
The Wall Street Journal (3/1, Blunt) reports Texas Public Utility Commission Chairwoman DeAnn Walker resigned Monday amid bipartisan calls for her resignation in response to the Texas electricity crisis. The Corpus Christi (TX) Caller-Times (3/1, Moritz) reports that in her resignation letter, Walker “said responsibility for the grid failure that left more than 4 million Texans without electricity, many for several consecutive days, falls on many shoulders, including” the Electric Reliability Council of Texas. In her letter, Walker wrote, “I testified last Thursday in the Senate and House and accepted my role in the situation. ... I believe others should come forward in dignity and courage and acknowledge how their actions or inactions contributed to the situation.” She “specifically mentioned natural gas companies, the Texas Railroad Commission, ERCOT, electricity providers and the Texas Legislature as bearing some of the responsibility for the power failure.”
Largest Electricity Co-Op In Texas Files For Bankruptcy
The Wall Street Journal (3/1, Biswas, Gladstone) reports Brazos Electric Power Cooperative Inc., which is the largest electric cooperative in Texas, filed for Chapter 11 bankruptcy on Monday in order to cope with the costs it incurred during the recent cold snap. The Washington Times (3/1, Chapman, Koenig) reports Brazos “said Monday that it was a ‘financially robust, stable company’ before the Arctic freeze that hit Texas between Feb. 13 and Feb. 19.” The company “said it received excessively high invoices from the Electric Reliability Council of Texas...for collateral and the cost of electric service.” Brazos “decided that it won’t pass on the ERCOT costs to its members or the consumers, so it filed for Chapter 11 protection, which indicates that the company plans to reorganize its debts rather than liquidate.” In a statement, Brazos Executive Vice President Clifton Karnei said, “Let me emphasize that this action by Brazos Electric was necessary to protect its member cooperatives and their more than 1.5 million retail members from unaffordable electric bills as we continue to provide electric service throughout the court-supervised process.”
Reuters (3/1, McWilliams) reports ERCOT “acknowledged Brazos filing and expects to disclose additional payment defaults by grid users, a spokeswoman said.” The Financial Times (3/1, Jacobs, Meyer) and Natural Gas Intelligence (3/1, Baker) provide additional coverage.
Austin Energy Says It Cannot Revel Which Facilities Were Protected From Power Outages
The Austin (TX) American Statesman (3/1, Autullo) reports Austin Energy is declining to release the details of which facilities are considered critical and were protected from power outages during last month’s blackouts. On numerous occasions “in the past two weeks, the American-Statesman made requests to Austin Energy for a map of facilities it considers critical load.” Austin Energy spokeswoman Calily Bien said Wednesday that the company is “not able to provide that information since it’s protected critical infrastructure information.” In a “follow-up message, Bien confirmed the reason for withholding the information was related to security, presumably because the utility believes releasing it would open the city up to a potential cybersecurity attack or some other risk.”
I hope we do not forget this and give our politicians a pass. We have got to make sure they get this fixed!!! Not having reliable power will ruin Texas!!
The Wall Street Journal (3/1, Blunt) reports Texas Public Utility Commission Chairwoman DeAnn Walker resigned Monday amid bipartisan calls for her resignation in response to the Texas electricity crisis. The Corpus Christi (TX) Caller-Times (3/1, Moritz) reports that in her resignation letter, Walker “said responsibility for the grid failure that left more than 4 million Texans without electricity, many for several consecutive days, falls on many shoulders, including” the Electric Reliability Council of Texas. In her letter, Walker wrote, “I testified last Thursday in the Senate and House and accepted my role in the situation. ... I believe others should come forward in dignity and courage and acknowledge how their actions or inactions contributed to the situation.” She “specifically mentioned natural gas companies, the Texas Railroad Commission, ERCOT, electricity providers and the Texas Legislature as bearing some of the responsibility for the power failure.”
Largest Electricity Co-Op In Texas Files For Bankruptcy
The Wall Street Journal (3/1, Biswas, Gladstone) reports Brazos Electric Power Cooperative Inc., which is the largest electric cooperative in Texas, filed for Chapter 11 bankruptcy on Monday in order to cope with the costs it incurred during the recent cold snap. The Washington Times (3/1, Chapman, Koenig) reports Brazos “said Monday that it was a ‘financially robust, stable company’ before the Arctic freeze that hit Texas between Feb. 13 and Feb. 19.” The company “said it received excessively high invoices from the Electric Reliability Council of Texas...for collateral and the cost of electric service.” Brazos “decided that it won’t pass on the ERCOT costs to its members or the consumers, so it filed for Chapter 11 protection, which indicates that the company plans to reorganize its debts rather than liquidate.” In a statement, Brazos Executive Vice President Clifton Karnei said, “Let me emphasize that this action by Brazos Electric was necessary to protect its member cooperatives and their more than 1.5 million retail members from unaffordable electric bills as we continue to provide electric service throughout the court-supervised process.”
Reuters (3/1, McWilliams) reports ERCOT “acknowledged Brazos filing and expects to disclose additional payment defaults by grid users, a spokeswoman said.” The Financial Times (3/1, Jacobs, Meyer) and Natural Gas Intelligence (3/1, Baker) provide additional coverage.
Austin Energy Says It Cannot Revel Which Facilities Were Protected From Power Outages
The Austin (TX) American Statesman (3/1, Autullo) reports Austin Energy is declining to release the details of which facilities are considered critical and were protected from power outages during last month’s blackouts. On numerous occasions “in the past two weeks, the American-Statesman made requests to Austin Energy for a map of facilities it considers critical load.” Austin Energy spokeswoman Calily Bien said Wednesday that the company is “not able to provide that information since it’s protected critical infrastructure information.” In a “follow-up message, Bien confirmed the reason for withholding the information was related to security, presumably because the utility believes releasing it would open the city up to a potential cybersecurity attack or some other risk.”
I hope we do not forget this and give our politicians a pass. We have got to make sure they get this fixed!!! Not having reliable power will ruin Texas!!
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