Texas power crisis deepens as more companies skip payments due to grid operator By Reuters

Texas power crisis deepens as more companies skip payments due to grid operator

Stock MarketsMar 01, 2021 06:15PM ET

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Texas power crisis deepens as more companies skip payments due to grid operator

HOUSTON (Reuters) - Texas energy companies failed to pay another $345 million for electricity and other services incurred during last month's cold snap, the operator of the state's grid said on Monday.

In all, electricity providers have skipped out on $1.66 billion in power and service charges, the Electric Reliability Council of Texas (ERCOT) said. It did not disclose which companies failed to pay the bills, but said it will begin naming firms in the future.

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Rick Baier Mar 01, 2021 9:10PM ET

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All this because of poor leadership and greed . The plants and the gas distribution infastructure was warned to install heat tracing on plant vital equipment. Completely avoidable

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Texas power crisis deepens as more companies skip payments due to grid operator

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