Currents - Energy Industry Insights, Volume 5, Issue 16

Shot Heard Across Texas: San Antonio Gets a Temporary Restraining Order Against ERCOT -

"CPS Energy, the municipal electric utility serving San Antonio and the surrounding area, has won the first skirmish against the Electric Reliability Council of Texas, the state grid operator, over charges resulting from the deep freeze in February."

Why this is important: February's cold snap completely disrupted ERCOT, the Texas electric grid, and drove spot prices for power astronomically high, sometimes for days on end. Texas does not have a capacity market, which would have required electric power producers to have sufficient power reserves on hand at a reasonable cost. That meant electricity generators who could produce power were paid huge amounts when the demand was greatest. That cost was passed on to consumers, who are looking at large power bills. The inevitable result is going to be litigation over who will pay, and how much.

Please see full Newsletter below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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