Energy & Science
Texans Will Pay for Decades as Crisis Tacks Billions Onto Bills
- Power sales totaled $50.6 billion vs. $4.2 billion week prior
- Utilities will look to pass costs onto consumers, taxpayers
This article is for subscribers only.
Now that the lights are back on in Texas, the state has to figure out who’s going to pay for the energy crisis that plunged millions into darkness last week. It will likely be ordinary Texans.
The price tag so far: $50.6 billion, the cost of electricity sold from early Monday, when the blackouts began, to Friday morning, according to BloombergNEF estimates. That compares with $4.2 billion for the prior week.