Lt. Gov. Patrick: Texas Senate Acts, Calls on PUC to Lower Statewide Pricing Cap

"I remain committed to making sure that we fix what went wrong during the winter storm and significantly lowering the sky-high pricing cap is one thing that can be done immediately. What happened during the February storm cannot be allowed to happen again."

Texas Insider Report: AUSTIN, Texas – Lt. Gov. Dan Patrick earlier today following the unanimous passage of Senate Resolution 342, urging the Public Utilities Commission (PUC) to significantly lower the system-wide energy pricing cap:

"I congratulate Sen. Charles Schwertner, R-Georgetown, and the Texas Senate for unanimously passing Senate Resolution 342 today. During Winter Storm Uri, the Electric Reliability Council of Texas (ERCOT) deployed the $9,000 per megawatt hour system-wide energy price cap, resulting in exorbitant energy costs for some and windfall profits for others.

"Today the Texas Senate officially called on the PUC to significantly lower the pricing cap. I remain committed to making sure that we fix what went wrong during the winter storm and significantly lowering the sky-high pricing cap is one thing that can be done immediately.

"What happened during the February storm cannot be allowed to happen again," said Patrick.