A bailout for the Texas energy market?

[Luz]

https://www.kens5.com/mobile/article/news/local/astronomical-electric-bills-causing-domino-effect-across-texas-energy-market/285-1b6150c2-3f5b-4184-9d7d-6de3d920d95f

HOUSTON — A domino effect is happening related to the crazy electric bills some Texas customers have been recently receiving.

Now, certain retail electric providers can’t pay the money they owe to ERCOT and are getting cut out of the grid. Some experts said a government bailout could be the only solution.

>>>>>>>

Somewhere along the line, taxpayers will foot this bill.

[old guy]

1. No federal bailout.

Should be left up to the state to pay if that's what is necessary.

[Me.]

2. Agreed

[TheBlackAdder]

10. Yep! If they get Federal money, they have to join the Federal Grid! They wanted to do it alone.

[TxGuitar]

11. The article

Clearly states that the state may have to bail out ERCOT. No mention of federal dollars.

[jpak]

3. No bailouts

FEMA disaster $$$ to help homeowners

But zero bucks and fucks for the TX energy industry.

This was caused by TX GQP stupidity and the TX GQP can pay for it out of their own pockets.

Yup

[NameAlreadyTaken]

4. The whole point was to keep the federal government out

So why would they expect the federal government to help? It's like churches, who don't want to be taxed, yet have their hands open for federal COVID money ($4 million in the case of Joel Osteen's megachurch in Texas).

[dalton99a]

5. Abbott and his gang will steal the money.

Paxton is probably already working on a plan to make it legal.

[TheRealNorth]

6. The energy company fucks up....

But they still win because they can price gouge....

That sounds like Republicanism/Trumpism to me.

[stillcool]

7. I don't get it. Shouldn't the companies be liable

like what happened here a while back?

https://www.nytimes.com/2020/02/26/us/columbia-gas-massachusetts.html

Massachusetts Gas Company to Plead Guilty After Fatal Explosion
Columbia Gas has agreed to sell its business in the state and pay a $53 million fine, the authorities said.
==================
As part of the plea agreement, NiSource, the parent company of Columbia Gas, will “undertake their best reasonable best efforts” to sell Columbia Gas of Massachusetts and end all gas pipeline operations in the state, prosecutors said. The penalty was the largest criminal fine imposed under the federal Pipeline Safety Act, they said.

“When we were done with the investigation, what was very clear was that the company as a whole had simply failed to do what it was supposed to do to maintain the public safety, and had in fact acted with what we call flagrant disregard for the public safety,” Andrew E. Lelling, the United States attorney for the District of Massachusetts, said at a news conference on Wednesday.

[Baked Potato]

8. Texas, too big to fail I guess.

[struggle4progress]

9. Certainly not without Texas connecting to the national grid

State regulation? State problem!