People Who Moved To Texas From California Finally Feeling At Home Now That Power Is Out

UsualName said:
This was a really interesting read. I wonder if any public agencies had the data that showed public utilities were 8% lower than national average and private utilities were 13% higher. If I was in a broker provided area I would want to know ASAP.
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I would think that public utilities would always be lower than private, but this is just a guess. However, you have to consider other factors along with price. Reliability and outages, stuff like that. Although that doesn't bode well for Texas. you get higher prices AND less reliability.
 
TreeFrogTrader said:
While I support any efforts to investigate, hold accountable, and remedy electrical grid problems in Texas, I do not - as you might expect- join in with the theme that the lefterrhoids are working here and elsewhere in the country, to wit: That Texas is a rogue state that charted its own course in regard to electrical power and ended out with all sorts of problems of its own making as as result of its knuckle-dragging ways.

Let us examine, a notable lefty state to see how green, and advanced, and progressive things are with their electrical generation and transmission.

I yield to the Californians here, but I am allowed to think and observe in regard to any state. So I see signs in California that not everything is groovy. One sign would be that its main provider Pacific Power and Gas or whatever it is called, has been designated as the major cause of the forest fires that burned the shiite out of major portions of California and killed many of its residents. When you read headlines such as "PG&E has paid over 15 billion to its residents for its negligence leading to forest fires and has also plead guilty to 85 charges of manslaughter in the negligent deaths of residents" then these are the small signs that it is not just Texas that has problems, eh? Again, this is counter to the assertion that Texas was not on national grid and does not consume much brie and chablis so they deserve all of their problems.

A little humility is in order mates. Y'all know that there are bottomfeeders on the forum who become ejaculatory when dead conservatives are in the spotlight. Try to at least stay on a higher plane than they are. I know it is not easy for many of you.

Check the fine print of your electrical bill to see if there are any surcharges for manslaughter payments to victims. If so, you are in a progressive state.
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The power company in California had sovereign immunity to legal cases until it was stripped of it -- leading to the lawsuits in California which sent the power company into bankruptcy. The same thing appears to be underway in Texas now. ERCOT is claiming it has sovereign immunity from lawsuits - which has just sparked rage for the sovereign immunity to be removed.

Texas' grid operator ERCOT has 1 reason that it claims it can't be sued
https://abc13.com/technology/ercot-has-1-reason-that-it-claims-it-cant-be-sued/10362037/

After a historic winter storm in Texas knocked out power to millions and left dozens dead, officials who manage the state's grid, the Electrical Reliability Council of Texas, say they aren't responsible in court because they have sovereign immunity to legal cases.

Sovereign immunity is the legal principle that protects some governmental agencies from lawsuits because allowing the suits would disrupt "key government services" when money is spent on litigation.

Previous courts have upheld ERCOT's immunity, claiming that despite it not being an official government agency, it is a critical part of the electric industry. If a court were to find ERCOT monetarily responsible for any action it takes, it could essentially bankrupt the system, leaving Texas and its power grid without central management.

Whether or not grid operators will have the right to sue is currently in front of the Texas Supreme Court in another case brought before it years ago. Dallas-based Panda Power sued ERCOT in 2016, claiming that reports the grid operator put out said the state was woefully short on power generation. Using that prediction, Panda Power spent billions building new plants. But the report was wrong and at least one of the new plants went bankrupt.

The suit says ERCOT intentionally manipulated the projections, bowing to political pressure.

An appeals court upheld ERCOT's claim to immunity in 2018 and the case has now worked its way up to the Texas Supreme Court, where it's expected to be decided by the summer.

Lawyers across the state have filed new lawsuits against the operator in the wake of the 2021 winter storm. All the suits so far allege the grid operators didn't do enough to prevent massive blackouts that affected nearly 5 million Texans.

ERCOT didn't respond to a request for comment.

(Article has video)
 
ERCOT Executive salaries, nice gig they had going on:

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Tsing Tao said:
to be fair, you should do this salary analysis with other c-level execs at other utilities, both public and private, to determine if these numbers are out of whack. They sure SEEM messed up. But I have no idea.
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I can only imagine what they would be at Con-Ed in NY. To the moon!
 
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