After Kelcy Warren's Energy Transfer Partners Made Billions from the Deadly Texas Blackouts, He Gave

[TexasTowelie]

After Kelcy Warren’s Energy Transfer Partners Made Billions from the Deadly Texas Blackouts, He Gave $1 Million to Greg Abbott


The Texas electric grid collapse during the February winter storm killed hundreds of Texans and caused an estimated $295 billion in damages, while generating seismic gains for a small and powerful few. The natural gas industry was by far the biggest winner, collecting $11 billion in profit by selling fuel at unprecedented prices to desperate power generators and utilities during the state’s energy crisis. No one won bigger than Dallas pipeline tycoon Kelcy Warren: Energy Transfer Partners—the energy empire Warren founded and now is executive chairman of—raked in $2.4 billion during the blackouts.

That immense bounty soon trickled down to Governor Greg Abbott. On June 23, Warren cut a check to Abbott’s campaign for $1 million, according to the governor’s latest campaign finance filing, which covers January through June. That’s four times more than the $250,000 checks that the billionaire has given to Abbott in prior years—and the most he’s ever given to a state politician in Texas.

In the months after one of the worst energy disasters in U.S. history, Abbott has dutifully steered scrutiny away from his patrons in the oil and gas industry. Last month, the governor signed into law a series of bills that strengthened regulation of the state’s grid. But experts warned that lawmakers didn’t go far enough to prevent another grid failure and failed to crack down on natural gas companies. At a bill signing ceremony on June 8, Abbott proclaimed that “everything that needed to be done was done to fix the power grid in Texas.”

The unusually large contribution from the blackout’s biggest profiteer raises questions about Warren’s influence over the governor and has prompted outrage at what many see as a blatant political kickback for kowtowing to the powerful natural gas industry.

Read more: https://www.texasobserver.org/after-kelcy-warrens-energy-transfer-partners-made-billions-from-the-deadly-texas-blackouts-he-gave-1-million-to-greg-abbott/

[The Magistrate]

1. How Cheap They Sell Themselves, Sir Always Amazes Me

He gets a measly hundredth of a percent of a take. That's not wetting his beak, that's being tossed a penny for a tip....

[LetMyPeopleVote]

2. Greg will not try to fix the grid because it would hurt his donors

Link to tweet

[TexasTowelie]

3. I want to see Abbott lose the election year so much.

Hopefully I'll have a prosthetic limb by the November election; otherwise, I'll have to wheel myself back to the polls. I have to take the bus, cross a major road, and wheel myself up a hill but nothing and nobody will stop me from casting a veto on the Abbott administration.

[tanyev]

4. SMDH.

[LetMyPeopleVote]

5. Greg Abbott Refuses to Fix the Grid, Takes $1 Million Donation

Link to tweet