CPS Energy has filed a lawsuit against the Electric Reliability Council of Texas (ERCOT) in what the utility company calls an effort to ‘protect its customers from excessive, illegitimate and illegal prices.’
“We are fighting to protect our customers from the financial impacts of the systemic failure of the ERCOT market and the outrageous and unlawful costs associated with that failure,” said Paula Gold-Williams, President & CEO of CPS Energy. “During a state declared disaster, ERCOT ran up $20 billion in charges for 5 days of energy supply due to its lack of oversight, preparedness, and failure to follow its own protocols. That is a huge amount of money and it’s incredibly important we continue to fight for our customers to bring those bills down.”
“CPS Energy is taking this action to defend its customers. Those who suffered the consequences of ERCOT’s failure must not be victimized by one of the largest illegal transfers of wealth in the history of Texas, too,” said San Antonio Mayor Ron Nirenberg in a statement. “Ensuring the fair treatment of customers and preventing them from additional harm by outrageous, excessive charges is essential, and we are fighting to achieve that goal.”