The Texas utility manager turned down calls to repair $ 16 billion in levies due to power outages due to the winter storm last month.
Arthur D’Andrea, chairman of the Texas Public Utility Commission, suggested at a commission meeting Friday that the error would be too difficult to resolve, the U.S. statesman said. report.
“It’s just impossible to stir this kind of egg,” he told the newspaper.
D’Andrea added that any actions designed to help customers could have unintended consequences as a result of private transactions out of sight, The Wall Street Journal report.
“You think you’re protecting the consumer and it’s appearing that you’re bankrupting a cooperative or a city,” D’Andrea said.
The remarks come after the third-party market monitor, Potomac Economics, appointed by the state, ended that the Electric Reliability Council of Texas (ERCOT) overpaid $ 16 billion for electricity during the winter storm.
During the storm, ERCOT implemented controlled power outages in the state to prevent damage to the energy grid. Bill Magness, CEO of ERCOT told The Texas Tribune last month that the decision was made to prevent the grid from dropping.
ERCOT set the prices at a maximum amount of $ 9,000 per megawatt hour during the blackouts. However, the monitor said prices had to recover after the controlled blackouts were over.
Texas is still dealing with the fallout from the winter storm that led to dozens of deaths, and ERCOT’s handling of the situation has meanwhile been scrutinized.