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Texas PUC Chair: Weather Event An "Unusual Circumstance", But Not One For Which Legal Authority Exists For PUC To Re-price Market

Lt. Gov. Cites ERCOT Protocol Allowing Suspension Of Settlements Due To, "Unusual Circumstances" PUC Chair: "Market Was Killing People"

During a hearing of the Texas Committee on Jurisprudence, Texas PUC Chairman Arthur C. D'Andrea agreed that the ERCOT weather event was an, "unusual circumstance," but maintained that continued pricing at the $9,000 cap after residential load shed ended was not a "mistake", and that a cited section…

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Texas Retail Energy News (Page 102) | EnergyChoiceMatters.com