Texas PUC Violated Rules in Setting Electric Rates During Freeze, Court Rules.

A Texas appeals court has ruled that the Public Utility Commission (PUC) broke rules when allowing the Electric Reliability Council of Texas (ERCOT) to increase the emergency price of electricity 650% for five days during Winter Storm Uri. The decision could be a multibillion-dollar victory for companies that had to buy electricity on the wholesale market during the storm and claim they were charged too much. If the decision is upheld, the PUC may have to order electricity generation companies to issue refunds that could add up to billions of dollars.