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Old 11-14-2021, 04:55 AM
 
Location: Tricity, PL
62,259 posts, read 88,136,454 times
Reputation: 132514

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"Texans will be paying for the effects of last February's cold snap for decades to come," reports Ars Technica, "as the state's oil and gas regulator approved a plan for natural gas utilities to recover $3.4 billion in debt they incurred during the storm.

"The regulator, the Railroad Commission, is allowing utilities to issue bonds to cover the debt. As a result, ratepayers could see an increase in their bills for the next 30 years."

https://m.slashdot.org/story/392683
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Old 11-14-2021, 05:01 PM
 
18,191 posts, read 25,439,312 times
Reputation: 16942
Once again … Texas giving the average family, the shaft
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Old 11-15-2021, 03:38 AM
 
Location: Tricity, PL
62,259 posts, read 88,136,454 times
Reputation: 132514
Yeah, WE will pay for it over the next 30 years, just because THEY were unprepared and made last minute bad decisions.
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Old 11-15-2021, 06:33 AM
 
18,191 posts, read 25,439,312 times
Reputation: 16942
Typical political tactic
When something is profitable .. privatize it
When they have loses .. socialize it (make everybody pay for it)
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Old 12-16-2021, 02:51 PM
 
Location: Tricity, PL
62,259 posts, read 88,136,454 times
Reputation: 132514
CPS Energy's interim leader assures customers that past lavish spending issues from a former executive will not happen again under his watch.

Towards the end of the meeting, caller Jaime Perez asked CPS Energy leaders what could the utility do avoid what he called "negligence at the highest level of CPS" in regards to company spending. Perez referred to former chief operating officer Fred Bonewell who reportedly expensed more than $50,000 on pricey lunches and other personal expenses, according to KSAT reports.


Blah...blah...blah...
How he can assure that since nothing has been done to improve the grids??

https://www.mysanantonio.com/news/lo...t-16706773.php

We already received an email from CPS informing us about monthly payments going up for the next 25 years...
This is the part of the email:
CPS Energy is informing our customers about our need for a 3.85% rate increase to help improve our infrastructure and reliability, strengthen our technology, keep up with our community’s growth and retain and hire qualified employees.

City-owned CPS plans to put $450 million of that tab on the shoulders of ratepayers over the next 25 years, according to an Express-News analysis.
https://www.sacurrent.com/sanantonio...t?oid=27346911

Are they going to actually improve our infrastructure or just make sure they keep their salaries high and match the inflation?

In case you forgot - the ex CPS Energy President and CEO Paula Gold-Williams had a base salary of $486,000 PLUS bonuses.

What you might not know is that 14% of CPS Energy’s revenues are remitted to the City of San Antonio’s general fund each year, accounting for 20% of the city’s operating budget.
The city government was an accomplice in the increases to consumers … The city is addicted to the CPS payment just as irrevocably as if it were an advanced state of heroin dependence. This is because the payment has covered the holes in our tax appraisal system [and] allowed large taxpayers to get away with low appraisals.
https://www.sacurrent.com/sanantonio...t?oid=27502994

This is San Antonio.
What's going on in Houston and DFW?
Any announcements about rate hike?
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Old 12-16-2021, 03:01 PM
 
Location: Tricity, PL
62,259 posts, read 88,136,454 times
Reputation: 132514
Recent announcement:
Texas grid vulnerable to blackouts during severe winter weather, even with new preparations, ERCOT estimates show...
Electricity outages in Texas could occur this winter if the state experiences a cold snap that forces many power plants offline at the same time as demand for power is high, according to an analysis by the Electric Reliability Council of Texas. The outages could occur despite better preparations by power plants to operate in cold weather....
The calculations for severe risk this winter show that it wouldn't take a storm as bad as the one in February, when hundreds of people died, to take the grid offline.
https://www.texastribune.org/2021/11...ter-estimates/
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Old 12-16-2021, 03:15 PM
 
1,085 posts, read 703,876 times
Reputation: 1864
Definitely seeing the rate increase. My billing cycle runs 15th-14th with Atmos and my 2020 usage and 2021 usage were the exact same at 19 CF of NatGas.

2020 bill was $43
2021 bill is $54

That’s a 25% jump!
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Old 12-17-2021, 05:58 AM
 
Location: Austin, TX
15,308 posts, read 35,803,027 times
Reputation: 8660
Natural gas companies are the ones that made all that extra money, by and large. The power generators just passed most of it through and didn't really make much, if any.
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Old 12-17-2021, 01:25 PM
 
Location: Katy,TX.
4,244 posts, read 8,798,785 times
Reputation: 4014
Thanks to Governor Hot Wheels
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Old 12-17-2021, 01:56 PM
 
18,191 posts, read 25,439,312 times
Reputation: 16942
Quote:
Originally Posted by usc619 View Post
Thanks to Governor Hot Wheels
I bet he's faster than you ... at least going downhill
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