Court ruling reveals possibility of power rate hike rebate during winter storms

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Court ruling reveals possibility of power rate hike rebate during winter storms
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The bills that followed provided a shock that energy analysts like Ed Hirs, a University of Houston energy fellow, described as unnecessary and unfair.

"Keep in mind that it's not just City of Austin, CPS in San Antonio, Lumina. It's everybody. You know, Joint Base Sam Houston was tagged with a bill that week that was large enough to pay for four M1 Abrams tanks with fuel, with ammunition. I mean, this reached across everyone in the state and it was wrong. It was totally wrong," said Hirs.

"I could have set the price at $1 million a megawatt hour and there was no available generation to come in," said Hirs. "Austin Energy is closely monitoring the case as it works its way through the legal system. As a municipal utility, we will continue to work on behalf of our customers and community to keep electric rates among the lowest in Texas," said AE Spokesperson Matt Mitchell in a statement sent to FOX 7.

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