More Insurance Companies Sue ERCOT, Energy Providers over Billions in Winter Storm Property Damage
ERCOT is having a very bad two weeks in court. And things just got worse for power providers in Texas, too. Nine London-based insurance companies joined a massive lawsuit this week brought by scores of the world’s largest property insurance companies seeking to force the ERCOT and three dozen Texas electric providers to reimburse them for billions of dollars in damages related to Winter Storm Uri in February 2021.