Texas Court Rules PUC Set Excessive Power Prices During Winter Storm Uri

A Texas appellate court has ruled that the Public Utility Commission exceeded its authority during the February 2021 winter storm by raising the price of electricity to the maximum, $9,000 per megawatt-hour. The court's decision could create a "gigantic mess" for the PUC and the state's grid operator, but it is unlikely to benefit end users. The ruling may still be appealed to the Texas Supreme Court.