Former Texas ‘Energy Chief” Says Greg Abbott ordered him to overcharge Prospects throughout winter outages

Invoice Magness, the previous CEO of the Electrical Reliabilty Council of Texas (ERCOT), testified in…

Invoice Magness, the previous CEO of the Electrical Reliabilty Council of Texas (ERCOT), testified in courtroom on Wednesday that tens of millions of Texans acquired sky-high power payments throughout final winter’s deep freeze based mostly on the directions of Gov. Greg Abbott.

The Houston Chronicle studies that Magness alleged beneath oath that ” when he ordered energy costs to remain on the most worth cap for days on finish throughout final yr’s frigid winter storm and blackout, working up billions of {dollars} in payments for energy firms, he was following the route” of the Texas governor.

Magness mentioned that preserving costs as excessive as attainable had been the one option to comply with Abbott’s directive, which was relayed to him by then-Public Utility Fee Chairman DeAnn Walker, to maintain energy on in any respect prices.

“She instructed me the governor had conveyed to her if we emerged from rotating outages it was crucial they not resume,” Magness testified. “We would have liked to do what we wanted to do to make it occur.”

Abbott’s workplace didn’t instantly reply to the Chronicle’s request for remark, though final yr Abbott spokesman Mark Miner claimed that the governor was “not concerned in any method.”

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