Gov. Abbott to Blame for Billions in High Electric Prices, Former Grid CEO Says

[Zeedox]

Gov. Abbott to Blame for Billions in High Electric Prices, Former Grid CEO Says

The former head of Texas' power grid said a decision to keep electricity prices high during last year's storm came from the governor.

gizmodo.com

Bill Magness, the former President and CEO of the Electric Reliability Council of Texas (ERCOT), which runs the state’s power grid, took the stand this week in bankruptcy court as part of a hearing brought by Brazos Electric, an electric co-op based in Waco. At the center of the mess is a key decision made by ERCOT during last year’s historic winter storm to keep electricity prices high, even as outages were ending across the state, for more than a day after things started to return to normal.

Magness is now saying that the decision to keep those rates even as power plants were coming back online came from the governor. He testified that the now former Public Utility Commission Chairwoman told him that “the governor had conveyed to her if we emerged from rotating outages it was imperative they not resume. We needed to do what we needed to do to make it happen.”

The decision to keep prices high in the final days of the crisis, Magness said, was an attempt by the PUC to encourage power plants to come back online and to keep big power users like industrial facilities offline, in order to conserve emergency power reserves.

 

[Gomez Adams]

Here is my look of surprise:



That guy is as corrupt as they come. He and DeSantis both.