Allyson Ho (left) and Macey Reasoner Stokes argue PUC v. Luminant at the Texas Supreme Court. Credit: SCOTx video archives. With Billions at Stake, Texas High Court Weighs Storm Uri-Related Price Hikes
"The agency did the one thing the legislature expressly said it could not do—and that is set prices," said Allyson Ho, counsel for Luminant Energy Co.
January 31, 2024 at 04:43 PM
4 minute read
What You Need to Know
- The Texas Supreme Court heard argument in the electric power pricing dispute between PUC and Luminant.
- Billions of dollars in debts between electric power generators are at stake.
- The Austin Court of Appeals ruled in favor of a group of power generators, and PUC and intervenors want the ruling reversed.
The fallout from 2021 Winter Storm Uri rolled into the Texas Supreme Court, where during oral arguments the justices were asked to affirm or reverse a wholesale-pricing dispute with billions of dollars at stake.
The case, Public Utility Commission of Texas v. Luminant Energy Co. LLC, includes nearly a dozen electric power generating companies that accused the PUC of illegally adopting two pricing rules that allowed the Electric Reliability Council of Texas to increase the emergency price of electricity by 650% for five days.
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