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What a mess.
We appreciate business in Texas.
We are a business friendly State.
Maybe if Bloomberg had a giant slice of this investment windfall the red team might find a way to solve the complexity they created.
What a mess.
We appreciate business in Texas.
We are a business friendly State.
Maybe if Bloomberg had a giant slice of this investment windfall the red team might find a way to solve the complexity they created.
The entire PUC board has resigned now
https://www.texastribune.org/2021/03...n-resignation/
Texas Lege: you, Texas
Texas House rejects bill to reprice electricity sold during winter storm
Billionaires set up PUC/ERCOT/electric market to enrich themselves in disasters. They created the disaster and the pocketed $Bs, just as intended.
Even without the Feb disaster, Texans paid $28B more for the unregulated electricity market vs regulated market, and they got flaky pile of .
Risk free ventures sounds appealing. Where do I sign up?
a two or three inches below your belt buckle
So you take the cheap electricity but cry when the pendulum swings the opposite way.
It's a bit late to be complaining about that, haven't you read through the thread?
Ken Paxton already used a provision of the TX deceptive trade practices act to let Griddy customers off the hook.
The rest of Texas didn't agree to pay spot rates, that was imposed on us by ERCOT.
Last edited by Winehole23; 03-17-2021 at 10:31 PM.
lol DMC blowing the regulators
Of course, but being off the hook doesn't change the fact that safety nets are almost a requirement now. Sure we want wholesale power... damn right, until wholesale is too expensive then no.. don't charge for that.
Was never charged a spot rate.
Lonely DMC, attached to my ankle late at night.Was never charged a spot rate.
Ousted Public Utility Commission chairman admits he favors helping investors,
not the public
https://link.dallasnews.com/lt.php?i...5919A15A671446
That's exactly why he was put in that position by the bag Repugs, pro-Capitalism, anti-non-Capitalists (suckers)
Texans overpaid $28B for deregulated vs regulated electricity. in thievery
Last edited by boutons_deux; 03-19-2021 at 02:21 PM.
Power to at least 150 gas production sites in the Permian Basin was cut off because companies failed to fill out a form designating their operations as critical infrastructure.
https://www.houstonchronicle.com/pol...m-16032163.phpOncor scrambled to flip power on to more than 150 gas facilities in the Permian Basin after receiving urgent calls from the Public Utility Commission that gas providers needed their power restored, said Allen Nye, chief executive of Texas’s largest electricity delivery company.
The problem, Morgan and Nye said, was that unlike hospitals, 911 call centers and fire stations, many gas production plants had never been identified as “critical” facilities, a designation that could have shielded them from outages during emergencies.
Yet the process of getting a facility designated as critical infrastructure couldn’t be easier. The owner simply needs to fill out the two-page form each year and turn it in to the local utility company.
A full assessment of how big a role electric power cut to gas facilities played in the grid outages is likely months away. Yet how some of Texas’s largest and most sophisticated energy companies, depended upon by nearly every resident and business, failed to complete a two-minute paperwork chore remains one of the most baffling mysteries of last month’s deadly outages.
predictably, this was a problem identified after the 2011 winter storm outages.
it would have cost nothing to fix.
Deepening the puzzle is that the same problem was identified during the state’s last major freeze, in 2011. A federal after-incident report concluded that just under a third of production losses in the Permian and Fort Worth areas were caused by outages, mostly power cut to electric pumps on gathering lines at the wellheads. It advised gas and electric companies to close the communication gap so the same thing didn’t happen during the next emergency.
“Gas producers, processors, pipelines, storage providers, and LDCs should identify portions of their systems that are essential to the ongoing delivery of significant volumes of gas, and which are dependent upon purchased power to function reliably under emergency conditions,” it recommended.
https://www.houstonchronicle.com/bus...o-16037054.phpPhelan and Abbott expect Texas taxpayers to cover the costs of weatherizing power plants to make sure this doesn’t happen again. They want to tap the state’s Rainy Day Fund because they think it is somehow appropriate to spend the taxpayers’ savings on things corporations should do independently.
Remember, these are the same people who opposed spending Rainy Day money on schools or health care.
As for getting to the bottom of how the grid collapsed, we will probably never know. Dozens of journalists, including myself, have asked the Electric Reliability Council of Texas to turn over do ents that could reveal what happened. But the electric companies have asked Paxton to declare all of the materials confidential, citing an exemption from disclosing proprietary information.
D’Andrea, meanwhile, has appointed an insider as director of accountability at ERCOT. Adrianne Brandt is a former adviser to the PUC chair and has spent her career at Texas utilities, creating doubts about what new insights she will bring.
Less than a month after the Texas Blackout, our leaders are already sidestepping and covering up. Once again, corporations get bailed out and consumers remain poorly served.
The pendulum...
So pendulums know how to cheat and don’t give a fck about “customers”
bunch of BS with your horrible analogies.
Labels posters as lonely...Was never charged a spot rate.
An insight from an old crusty fck.
Last edited by pgardn; 03-21-2021 at 10:23 AM.
"cheap electricity"
a regulated market would have saved consumers $28B. Cheap?
ERCOT's system is designed, by the Capitalists, to extract maximum $Bs from consumers,
aka " tiest possible product for highest possible price"
then really "deregulated-free-market" them when supply/demand are badly mismatched,
eg, Feb '21's Big Freeze when under-built (saving Capitalists' $$$), under-margined ( saving Capitalists' $$$) extractive electricity system broke.
Weatherizing is a completely exotic cost never to be heard of with our rapidly shifting climates.
gtfoh... We are business friendly, we fck customers over. Welcome to Texas.
DMC as /clarivoyant/empath is one of his least credible roles on this board.
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