AustinAmerican StatementHere is what I found on web site.
There is also a video from Governor Abbott.
One of the main problem was some energy power equipement were not well winternized and they get frozen and some run out of fuel. Energy providers were not able to meet demand so the raise the price to the roof. So ERCOT will not get any immunity against from lawsuits.
Actual shareholders of JE...it is not over until is over... This is not the reverse charges calls but at least ERCOT overcharged energy retailers and they will be able to suit ERCOT for that overcharged.
GLTA Gaillard.. I still have a little hope..don't you?
A sharply divided Texas Supreme Court declined Friday to answer a burning question after the February freeze: Is ERCOT, the agency that operates the state power grid, immune from lawsuits?
In a 5-4 decision, the majority said their hands were tied by the Texas Constitution, which forbids ruling on issues when the court lacks jurisdiction, as it does in ERCOT v. Panda Power.
Four justices disagreed with that conclusion, issuing two dissenting opinions that accused the majority of ducking an issue of grave public importance — wasting time, energy and money with a delay that will require another round of court action before Texas businesses and residents know whether lawsuits against ERCOT can proceed.
"The Court can resolve the parties' dispute," Chief Justice Nathan Hecht wrote in dissent, "but instead it chooses delay and wasting more of the parties' and judicial system's time and resources."
News:Texas Senate swiftly OKs bill that could undo billions in ERCOT overcharges