Advisory: Be careful of what you read on social media. The algorithms used by these platforms have no regard for Biblical truth. They target your emotions to keep you engaged on their site so their advertisers can drop more ads. These platforms exist to enrich their stockholders. Consider God’s promise to Believers in James 1:5, “If any of you lacks wisdom, you should ask God, who gives generously to all without finding fault, and it will be given to you.”
Texas Gas Facilities In February, “Plandemic” Abbott It’s your Move!…
In a appearance in front a Texas Senate committee last week, the interim CEO of the Electric Reliability Council of Texas, the state’s electric grid operator, make a surprising admission.
Brad Jones a.k.a. (LIAR) , interim president and chief executive officer of ERCOT.
Brad Jones said the operator’s decision during February’s winter storm to set prices for wholesale electricity at the highest level — for 32 hours longer than may have been necessary — “overrode the ERCOT protocols.”
The move cost CPS Energy and other Texas utilities billions of dollars.
“The market rules themselves weren’t changed, but what is important to know is that the market rules were not followed,” Jones said May 4 to the Senate Business and Commerce Committee.“This was a deviation from the ERCOT rules.”
His comments were a departure from testimony previous CEO Bill Magness gave in late February defending ERCOT’s pricing decision. And Jones’ statements could bolster CPS’ lawsuit against ERCOT, which seeks to shield the utility from high ERCOT charges during that 32-hour period.
“Texas prides itself on being an energy state. To retain that mantle, we need to reform the state’s systemic inadequacies that caused the weather crisis, which could result in the most massive wealth transfer in Texas history,” said Ron Nirenberg, Mayor of San Antonio, Texas. “In San Antonio, we are going to exhaust every avenue we have, including through the courts, to ensure the burdens of this crisis are not borne by the people who suffered through it, the residents of Texas.”
Wholesale prices typically run about $25 per megawatt hour. But when electricity is scarce statewide and demand is high, ERCOT’s computer algorithms raise the price to encourage power plant operators to produce and sell as much power onto the grid as possible.
On the night of Feb. 17, however, ERCOT officials decided to override the algorithms and hold prices at the $9,000 per megawatt hour cap for the next 32 hours. Typically, prices in ERCOT only hit the $9,000 maximum for intervals of 15 minutes or so.
When some of CPS’ power plants either seized up or stopped functioning properly during the long cold snap, the utility spent about $300 million for power on the ERCOT market at those sky-high prices.
CPS Energy first filed claims against ERCOT on March 12, 2021 for its lack of oversight, preparedness, and failure to follow its own protocols that resulted in $16 billion in overcharges to market participants and customers. ERCOT has since admitted that it could have corrected the $16 billion error by repricing within 30 days of Winter Storm Uri, but instead allowed the 30-day window for corrections to pass. This choice came despite the Independent Market Monitor for the Public Utility Commission of Texas (PUCT) – which oversees ERCOT – twice verifying ERCOT’s error. ERCOT has added insult to injury by taking the remarkable step of adding $6 million of undercharges to bills, citing an apparent software glitch during Winter Storm Uri, thereby underscoring that it will subjectively reprice errors when it benefits their organization, but not when it doesn’t.
“ERCOT can and should have repriced the $16 billion in overcharges that were charged during a declared disaster. Instead, it has doubled down on former Chair Arthur D’Andrea’s promise to Wall Street to not correct the error. ERCOT continues to show its ability and willingness to reprice when it suits ERCOT, but refuses to reprice when it rightfully favors San Antonio and Texas customers,” said Paula Gold-Williams, President & CEO of CPS Energy.
Temporary Restraining Order Granted
ERCOT’s unprecedented pricing error and its latest string of mismanagement decisions has supercharged energy uncertainty and driven numerous market participants into bankruptcy or out of business. Late in the day on April 27, 2021, ERCOT notified market participants across Texas, including CPS Energy, that it would begin taking posted collateral to cover the charges that other market participants have not paid.
ERCOT’s attempts to collect these charges from CPS Energy’s customers is an unlawful extension of CPS Energy’s credit and is a direct violation of the Texas State Constitution. Per the Constitution, a city-owned utility cannot be asked to unlawfully extend its credit to help settle the debts of other entities, especially in cases where there is no chance of being repaid. CPS Energy also wants to ensure that its customers never have to pay for the defaults of other market participants caused by ERCOT’s excessive pricing and acknowledged $16 billion error.
On the afternoon of April 28, 2021, CPS Energy was granted a temporary restraining order. This successful step forward prevents ERCOT from adjusting, extending, or otherwise affecting CPS Energy’s credit in preparation for passing on these additional charges until the Court conducts a further hearing on the matter.
“ERCOT’s latest unilateral and aggressive move is an attempt to unlawfully force our customers to pay for the insolvency of other market participants, caused by ERCOT’s own mistakes,” continued Gold-Williams. “Disappointingly, ERCOT continues to inject uncertainty into the market while failing to address its errors, which is contributing to one of the largest illegal transfers of wealth in the history of Texas. To help correct this problem, CPS Energy will continue to work tirelessly to put its customers first.”
Electric Reliability Council of Texas (ERCOT) CEO Bill Magness was fired by the company’s board last Wednesday. His termination occurred as the state’s electric grid operator faces investigation over its role in the widespread blackouts that left millions of Texans without power in subfreezing temperatures last month.
Potomac Economics Limited, a firm hired to monitor Texas’ power market, reported a $16 billion pricing error by ERCOT the week of the storm, when the organization set wholesale power prices at $9,000 a megawatt hour. The high demand for power drove a sharp increase in prices, but Potomac found that ERCOT left the price in place for days longer than necessary. At one point, a computer glitch caused the price to drop to $1,200, but ERCOT’s board ordered a manual override to the previous level.
Seven other members of the 16-member ERCOT board have already resigned under pressure from the members of the Republican state government in the wake of winter storm Uri.
GEORGETOWN – Two former managers at ERCOT were sentenced today in an alleged security-contract crime ring crackdown.
James Christopher Uranga, 38, a former IT and security director, was given seven years in prison in connection with engaging in organized criminal activity and misapplication of fiduciary property. He was ordered to pay $505,000 in restitution to ERCOT, the Electric Reliability Council of Texas.
Kenneth Shoquist, 54, former chief information officer, eight years in prison after pleading guilty to engaging in organized criminal activity and commercial bribery. He was ordered to pay $120,000 in restitution.
The two defendants, who were sentenced by Williamson County District Judge Michael Jergins, used “shell” security companies to bilk millions of dollars from ERCOT for products and services never delivered.
John Cavazos, 34, a nonemployee contractor and a company security director, will be sentenced Sept. 5. He has already returned $8,700 in illegally obtained monies to ERCOT.
Chris Douglas, 48, senior manager of ERCOT’s Data Warehouse, will be sentenced on Oct. 2, and he is expected to pay more than $500,000 in restitution to ERCOT.
Another former manager for ERCOT, Carlos Luquis, 38, was sentenced Aug. 3 to 12 years in prison following a jury trial. He was also ordered to pay more than $195,000 in restitution in connection with first-degree felonies.
Luquis, a former FBI agent who was stationed in New York City at the time of the terrorist attacks of Sept. 11, 2001, resigned from the agency to join ERCOT, eventually masterminding the phony security-contract schemes with the other defendants in this case, officials said.
Steven C. Wallace, 46, program development director, still awaits trial for his role in bribing Shoquist. Wallace has two indictments pending against him in Williamson County for $800,000 in misappropriated funds, and also three counts in a Travis County indictment for first-degree felony theft.
It is impossible to find anyone in the Bible who was a power for God who did not have enemies and was not hated.
Bow down to satan soldiers, comply, submit!
If you haven’t noticed, those in power accuse others of the nefarious things they are doing themselves. This is likely the directive at the Ministry of Truth—take the script, and flip it.
2 Corinthians 4:8-11 New King James Version (NKJV)
8 We are hard-pressed on every side, yet not crushed; we are perplexed, but not in despair; 9 persecuted, but not forsaken; struck down, but not destroyed— 10 always carrying about in the body the dying of the Lord Jesus, that the life of Jesus also may be manifested in our body. 11 For we who live are always delivered to death for Jesus’ sake, that the life of Jesus also may be manifested in our mortal flesh.
The 127 Faith Foundation: We do not want donations from “those on disability, on a fixed income, those that cannot afford to give” Please Pray!
Watchman Says God Is King and There Can Be No Other: Musk Says: No Doubt My Satan Is Behind My Transhumanism Movement. Satan Hates God’s Plan and Will Not “Bring Many Sons to Glory” (Hebrews 2:10). Satan Will Do Everything He Can to Try to Destroy Mankind Before That Happens, and Transhumanism Appears to Be a Way Satan Is Trying to Do That
HNewsWire: Imagine a future when earth’s inhabitants are not humans, but cyborgs-robot like beings with both biological and mechanical components. With exosuits for added strength,…Read More
Watchman: The Spokesperson for Plandemic Inc. Has Once Again Indicated the Upcoming Scheduled Occurrence. In 2020, Individuals Were Advised to Brace Themselves for a Subsequent Event That Would Garner Significant Public Interest, as per the Statement Made by Bill Kill-em Gates. BS Express
HNewsWire: Back in 2020, we were told to prepare for the “Next One” that will get people’s attention. There are two possible variants for the…Read More
Watchman Warning: All of the COVID Kill Shots Gene Injections Platforms Are Dangerous, All Must Be Stopped, Must Be Pulled From Market
SRH: Isaiah 42:16 “I will lead the blind by ways they have not known, along unfamiliar paths I will guide them; I will turn the…Read More
Watchman Issues a Warning About COVID Vaccines: “The Tribulation Is in Full Swing, and Satan’s Soldiers Are Becoming More Aggressive.” Christians in Particular Should Brace for Increased Persecution
Unvaccinated Transplant patients are being murdered in Canada and America – Four Alberta Judges have legalized murdering the unvaccinated & leftist lawyers tell us they’re…Read More
Update: Trump’s Operation Warp Speed: The mRNA Vaccines Have Been in Development by the US Department of Defense (DARPA) Since 2011, “Kill Shot,” the Government Has Lied, People Have Died or Been Injured, and There Has Been No Recourse
HNewsWire: These mRNA injections were never health products; this was a military operation (not just the distribution of the vaccine); no, the Department of Defense…Read More
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