Here's how CPS is paying $1 billion for the natural gas used during February's winter storm
https://www.chron.com/weather/article/CPS-Energy-paid-1-billion-for-fuel-amid-winter-15993691.php?IPID=Chron-HP-TrendingMarch 2, 2021
CPS Energy said it owes $1 billion for natural gas and fees due to the winter storm, as reported by Diego Mendoza-Moyers for the Express-News.
The municipal utility owes $800,000 to natural gas suppliers and $200,000 to the Electric Reliability Council of Texas, according to the report.
CPS officials said they plan to fight the charges and seek funding to pay the bill. However officials also approved plans to take out a $500 million bank loan to pay half the bills and spread the cost out over several years....
...The report said
Texans would pay $50 billion for electricity for the week of Feb. 14 compared to $4.2 billion the week before....