(l-r) Allyson Ho and Mike Raiff of Gibson, Dunn & Crutcher, and Bill Moore of Enoch Kever. Courtesy photos Litigators of the Week: A Texas Appellate Win Over Agency's Electricity Pricing Moves During 2021 Winter Storm
Allyson Ho and Mike Raiff of Gibson Dunn & Crutcher and Bill Moore of Enoch Kever got a blockbuster decision last week for client Luminant Energy Co. finding that the state's Public Utility Commission violated its statutory mandate by setting and keeping power rates artificially high for four days in February 2021.
March 24, 2023 at 07:30 AM
10 minute read
During the deadly winter storms that rocked Texas in February 2021, the state's Public Utility Commission raised the wholesale price of electricity to the maximum $9,000 per megawatt-hour—a rate as much as 300 times higher than normal—in hopes of spurring additional power generation. The Commission kept the level there for four days—something an independent monitor has since determined led to some $16 billion in overcharges.
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