CPS Energy enters contract negotiations with Rudy Garza to serve as permanent president & CEO
Rudy D. Garza makes CPS Energy history as the board votes to name him CEO & President of the electric company. Garza will be the first Hispanic leader to hold this leadership position, according to a press release.
Experts fear reversing electricity prices from winter storm could make things worse
Reliability coordinators monitor the state power grid at the Electric Reliability Council of Texas (ERCOT) command center in Taylor. But who would be helped or hurt, and by how much, is unclear — and lawmakers and regulators have not said how they would retroactively change the state’s electricity market more than a month after those prices settled. AdThe Electric Reliability Council of Texas manages the state’s power grid and controls the prices power generators charge to retail electric providers, such as power companies and city utilities. Facing widespread outages during the storm, ERCOT set the price of electricity at $9,000 per megawatt-hour — the highest amount allowed. Retail power providers buy power off the state market and then sell it to residential or commercial customers.