(Reuters) – The Texas power regulator on Friday voted to remove about $1 billion in service fees levied on grid users but took no action on petitions asking it to cut high power prices during a mid-February cold snap.
The fees involved payment to power generators for services not provided during the mid-February cold snap, according to the state’s market adviser. The Texas Public Utility Commission also ordered the state’s grid operator to extend its deadline for accepting freeze-related payment disputes to 6 months from 10 days.
(Reporting by Gary McWilliams)
