Supreme Court to review pricing orders from Winter Storm Uri

by Rihem Akkouche, USA Herald | Source: USA Herald | Posted 09/29/2023

The Texas Supreme Court declared its intention last Friday to dissect a lower court’s decision that questioned the emergency power pricing orders.

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In a controversial move, the Texas Supreme Court has announced its intention to review a lower court's decision that questioned emergency power pricing orders set by the state's utility regulators during winter storm Uri. The court decision in March contended that the Public Utility Commission (PUC) had overstepped its boundaries by imposing a power price of $9,000 per megawatt-hour. Power companies such as Calpine, Talen Energy, and TexGen Power argue that the lower court ruling could have disastrous consequences and disrupt billions of dollars in transactions.

However, not all parties agree. Opponents, including Exelon Generation and Luminant Energy, who successfully challenged the pricing decrees, argue that the PUC exceeded its authority by setting such high prices. They claim that this decision burdened utilities and consumers with exorbitant charges without improving grid stability or rectifying flaws in the pricing model. The case is set to continue with oral arguments scheduled for January 30, 2024.

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Source Link: https://usaherald.com/texas-justices-pricing-orders-texas-justices-review-contested-pricing-orders-from-winter-storm-uri/2/

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Supreme Court to review pricing orders from Winter Storm Uri

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