Texas Gov.: Working On Legislation To "Ensure We Never Run Out Of Power Again"

Texas Gov. Greg Abbott said in an address tonight that he and lawmakers are working on "reforms" to add more power to the grid

Abbott did not discuss specifics, but said that such reforms are to, "ensure that we never run out of power again."

Abbott said that a legislative priority is to "mandate and fund" the winterization and stabilization of Texas' power infrastructure

Turning to retail issues, Abbott said that it is "outrageous" for residents to have skyrocketing bills

Abbott noted that the state is investigating "multiple" electric providers about price spikes. As previously reported, the Texas Attorney General has issued Civil Investigative Demands to a retail electric provider and several companies which operate integrated REP/generators (see story here)

Noteworthy is that Abbott said that customers will not be disconnected for non-payment until the legislature, "has time to act on this."

Abbott recounted various previously reported customer protection measures adopted by the PUC

Abbott said that ERCOT, "must be overhauled"

"The system broke. You deserve answers, you will get those answers," Abbott said