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Texas officials say the state will not reverse $16 billion in electricity overcharges incurred during power outages

Texas Power Grid

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Texas officials said they do not plan to reverse an estimated $16 billion in electricity overcharges  incurred during a deep freeze that roiled the state’s power grids and left millions without power last month

In a meeting on Friday, the Public Utility Commission of Texas (PUCOT) said it will be too challenging to fix and re-price the charges due to a variety of external factors. Speaking before the committee, chairman Arthur C. D’Andrea said that due to a number of hedge funds and private transactions tangled up in the fees, it will be “impossible details ⇒

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