Contributors: Ruben Moreno, Bob Yardley, Jim Coyne, Dan Dane, Danielle Powers, Forrest Small, John Stewart, and Mark Cattrell
This content is the third installment of a three-part series examining the aftermath of the historic winter weather events in February 2021.
- Part One discussed the urgent financial challenges facing energy regulators in Texas, Colorado, Oklahoma, and Minnesota as customers faced prospect of high electricity and natural gas bills following the winter storm.
- Part Two focused on the role of regulation in addressing the resilience of energy infrastructure and mitigating the consequences of extreme weather events.
In this third installment, we will provide an update on the financial consequences of the February winter storm. These consequences include bankruptcies and lawsuits, and financial impacts for electric utilities, natural gas utilities, and their customers. Investigations by federal and state regulators are under way, with pressure being applied by elected officials including Senators, Governors, and Mayors.