Fox 4 KDFW 3/9/2021
The city of Denton goes to court Tuesday to stop a huge bill from the winter storm.
Denton has its own power system with an annual budget of about $230 million. But it was hit with a $207 million bill for just a few days of using very expensive power during the height of the deep freeze.
According to city documents, the average price of energy per megawatt-hour in February 2020 was $23.73. But during the rotating outages that began around the state, the price increased to between $2,400 and $9,000 per megawatt-hour.
Denton Municipal Electric had to take out an emergency loan to pay part of the bill.
Now the city wants a court order against the Electric Reliability Council of Texas, which is demanding to be paid.
More:
https://www.fox4news.com/news/city-of-denton-sues-ercot-after-receiving-207m-bill