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A Second Power Provider Defaults After Texas Energy Crisis

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Why Did the Texas Power Grid Fail?

Power retailer Entrust Energy Inc. became the second electricity seller to be barred from Texas’s power market for failing to make payments after last month’s energy crisis.

The Electric Reliability Council of Texas said it was revoking Entrust’s right to participate in the market and was moving its customers to rival retailers. The retailer was short more than $234 million in payments to generators and others, according to a separate Ercot filing Wednesday.