Texas leaders have held multiple talks with financial institutions as lawmakers weigh options for easing the liquidity crisis facing the state’s power market following last month’s energy crisis.
“There are multiple options on the table,” said state Senator Kelly Hancock, who chairs the business and commerce committee which has held hearings on the matter. “We just want to make sure that there were no stones unturned.”
The arctic blast that left millions in the dark and drove electricity prices to record highs has pushed many power providers to the brink of bankruptcy and stressed Texas’s electricity market.
