Lawsuits or bankruptcies? Long horns of Texas power price dilemma

Texas lawmakers on Thursday found themselves on the horns of a power market dilemma: expect lawsuits from utilities and traders if they retroactively cut cold-snap electricity prices, or “cascading bankruptcies” if they do not. The state’s grid operator sharply hiked power prices during a February freeze, pushing two power companies into bankruptcy and prompting others […]

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