Updated – Texas Court Rules PUC Price-Setting During Winter Storm Uri Unlawful
The Texas Public Utility Commission emergency rules in February 2021 that increased electric rates to $9,000 per megawatt-hour in response to the demand for power because of Winter Storm Uri were “invalid” and must be reexamined, a Texas appeals court ruled Friday. The Austin Court of Appeals ruled that PUC board members issued two unlawful rules — an “operation of executive fiat” — that allowed ERCOT to increase the emergency price of electricity 650 percent for five days. The decision, according to legal experts, could be a multibillion-dollar victory for some retail power companies.