Texas utilities to charge customers for February winter storm

[dalton99a]

https://www.kxan.com/news/texas/texas-gas-bills-may-increase-companies-allowed-to-make-up-3-4b-winter-storm-losses/

Texas gas bills may increase, companies allowed to make up $3.4B winter storm losses
by: Kelsey Thompson
Posted: Nov 18, 2021 / 01:09 PM CST

AUSTIN (KXAN) — Following a unanimous vote from the Railroad Commission of Texas Nov. 10, state gas providers now have the ability to raise the costs of customers’ monthly bills to help regain funds lost during the February winter storm.

On June 16, Gov. Greg Abbott signed House Bill 1520 into law, which allows gas utility providers who sustained significant costs during the February winter storm to “issue bonds and impose fees and assessments,” per documents. After that was signed into law, several gas providers filed applications to regain funds lost during the storm.

These applications were combined into one docket and reached a settlement with the RRC. Now, following RRC’s approval last week, eight gas companies will be able to regain $3.4 billion in lost funds incurred during the February winter storm.

In a statement, an RRC spokesperson said these increases will assist in paying off expenses gas providers took on last February to produce “the necessary supply of natural gas to maintain service.”

[pamdb]

1. texas

Couldn't pay me to live in that piss ant state.

[mbusby]

10. I lived there...

...for almost 70 years. It depends on who is in charge. We now live in Colorado with a Democratic Governor. It's like night and day.

[Deuxcents]

2. I, for one, am shocked by this news

But, as I’ve posted before..my Texas Family will squawk n moan n groan n blame the libs but they will, in the end, be good republicans and vote em all back in. It’s maddening.

[Ohio Joe]

3. Good

Show just how much the repugs care about anyone but the wealthy and corporations.

[TomDaisy]

4. Beto should take this and use it to drive the Texas GOP into the ground

[MustLoveBeagles]

9. +1

[kacekwl]

5. Send the bi!l to

Cancun Cruz.

[Upthevibe]

6. It'll be interesting to see if this effects the average Texan

and how much money they'll need to pay.

I hope it's a lot and that the "bubbas" get REALLY pissed!

[patphil]

7. Just another reason for Texas voters to vote for Greg Abbott.

He's been so good for them.

[dumbcat]

8. Who should pay, other than Texas ratebayers?

Taxpayers in other places?

Should the stockholders and other owners of the gas companies just eat the loss? And maybe shut down?

Who else will pick up the tab? Other than the users of the gas?

[Skittles]

11. see how that works, people?

if you couldn't work during the outage and you lost money, well that's just tough.....but if THEY lose money, well, they'll get it back from the people. Yup

[NowISeetheLight]

12. I'd like to think....

... that the Texas voters will remember who signed this bill... but they're hopeless Trumpers.