Gov. Greg Abbott’s office has said he was "not involved in any way" with the decision. Testimony from the former head of the Electric Reliability Council of Texas appears to contradict that.
Highlights
- Bill Magness says he was following Gov.
- Greg Abbott’s directions when he kept electricity prices as high as legally allowed in the aftermath of last February’s devastating blackout.
- Magness was testifying in a suit filed against the Electric Reliability Council of Texas by the Brazos Electric Cooperative.
- In the wake of the blackout, Brazos filed for bankruptcy protection after being hit with a $1.9 billion energy bill.
- The decision to keep prices high to keep the grid stable proved controversial, leading to billions of dollars in unexpected costs for utilities and ratepayers across the state.
- Gov.