Last Year's Texas Power Outage Will Now Cost Natural Gas Customers $3.4 Billion (Houston: sale, 2015)

[ScoPro]

Originally Posted by usc619

Thanks to Governor Hot Wheels

Stay classy.

[TomG555]

Our utility provider (Pedernales) sent out a letter stating they were adding a surcharge beginning October to make up the losses they suffered during the storm. It’s not much, $1.50 per month, but still…

[TX Rover]

Originally Posted by TomG555

Our utility provider (Pedernales) sent out a letter stating they were adding a surcharge beginning October to make up the losses they suffered during the storm. It’s not much, $1.50 per month, but still…

At least with Pedernales being a Co-Op there’s a lot of transparency as to where that money is going.

[ScoPro]

Pedernales had better be transparent, what with their scandalous past.

[TomG555]

Originally Posted by ScoPro

Pedernales had better be transparent, what with their scandalous past.

I see they’ve just changed the buyback rate for solar customers from 9 cents to 5 cents. What were the past issues?

[TX Rover]

Originally Posted by TomG555

I see they’ve just changed the buyback rate for solar customers from 9 cents to 5 cents. What were the past issues?

At their outset there was a lot of shady dealings with the money and vendors. It’s been really transparent since then. I do miss them as a provider.

[KerrTown]

All CenterPoint Energy gas customers got this cryptic message in September. Don't know if other Texas gas providers (i.e. Atmos, et al.) sent a similar notice enclosed with the monthly bill back then. A member created a thread in the Houston forum:

Originally Posted by mojo101

Texas Winter Storm Uri Gas Securitization

To recover the company’s extraordinary natural gas costs incurred during Winter Storm Uri and provide Texas natural gas customers with rate relief, CenterPoint Energy has filed an application with the Railroad Commission of Texas to securitize the costs pursuant to H.B. 1520. H.B. 1520 allows natural gas utilities to request Commission’s approval for the Texas Public Finance Authority to issue Customer Rate Relief (CRR) bonds to recover natural gas costs from Winter Storm Uri. The use of securitization financing is expected to provide the most cost effective and affordable method of recovering these costs and would benefit the company’s more than 1.8 million residential and business natural gas customers in Texas. If securitization financing is approved, natural gas customer bills would begin to reflect the recovery of Winter Storm Uri costs upon the issuance of CRR bonds, which is expected in 2022.

Customer Notice
Application
Click for more information

Securitization means that they will involve Wall Street. Now NYC is profiting from the Texas winter tragedy!

[TX Rover]

Originally Posted by KerrTown

All CenterPoint Energy gas customers got this cryptic message in September. Don't know if other Texas gas providers (i.e. Atmos, et al.) sent a similar notice enclosed with the monthly bill back then. A member created a thread in the Houston forum:



Securitization means that they will involve Wall Street. Now NYC is profiting from the Texas winter tragedy!

I for one am shocked that corporate America, fueled by deep pockets and artificially low interest rates would possibly plunder a natural disaster for their own gain /s

[Rakin]

Gee, the price of fuel at the pump is up 50% along with the price of a barrel of oil.

There is plenty of blame to pass around especially with the current President trying to kill the Oil / Gas Industry and drive us to Green Energy. Who knew windmills don't turn and solar panels don't generate during severe cold cloudy weather.

Just be glad you're not in CA where Gas is getting close to $6 a gallon due to high taxes and they are still having brown outs.

[Pilsn3r]

Originally Posted by Rakin

Gee, the price of fuel at the pump is up 50% along with the price of a barrel of oil.

There is plenty of blame to pass around especially with the current President trying to kill the Oil / Gas Industry and drive us to Green Energy. Who knew windmills don't turn and solar panels don't generate during severe cold cloudy weather.

Just be glad you're not in CA where Gas is getting close to $6 a gallon due to high taxes and they are still having brown outs.

So you're saying George Bush, Rick Perry, and Greg Abbott didn't know how windmills and solar panels worked since since they are the ones who supported and signed state legislation to install green energy production in Texas mostly starting in 1999? Biden was elected in 2020 and the windmills didn't appear out of thin air in 2020...or is that what you think?

https://oilprice.com/Alternative-Ene...nd-Energy.html

or even better from a political standpoint: https://www.weforum.org/agenda/2020/...ewable-energy/

I love how the top 4 republican states generate more wind energy than the top 4 blue states by a ridiculously large margin. But somehow, it's the democrats fault. I thought the whine of a windmill was loud...