Texas Power Market Shortfall Jumps to $2.5 Billion After Crisis
- Brazos Electric owes grid operator $1.8 billion in collateral
- Grid operator Ercot to start identifying non-paying entities
Photographer: Joe Raedle/Getty Images
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Texas’s grid operator said it’s short nearly $345 million in payments from retail power providers and others after electricity prices skyrocketed during last month’s energy crisis.
That brings the total shortfall to nearly $2.5 billion, according to a market notice.