Initially, the story of the Texas Tragedy revolved around the cataclysmic power grid failure, and people even freezing to death in their homes. But now another nightmare has emerged for some of the folks who did NOT lose power last week. Not sure of the political ramifications and who is to blame for these variable-rate plans being sold. But if someone tried to charge me thousands of dollars for a week's worth of what amounted to my normal utility usage, I'd be ready to go postal...
"As millions of Texans shivered in dark, cold homes over the past week while a winter storm devastated the state’s power grid and froze natural gas production, those who could still summon lights with the flick of a switch felt lucky.
Now, many of them are paying a severe price for it.
“My savings is gone,” said Scott Willoughby, a 63-year-old Army veteran who lives on Social Security payments in a Dallas suburb. He said he had nearly emptied his savings account so that he would be able to pay the $16,752 electric bill charged to his credit card — 70 times what he usually pays for all of his utilities combined. “There’s nothing I can do about it, but it’s broken me.”
"As millions of Texans shivered in dark, cold homes over the past week while a winter storm devastated the state’s power grid and froze natural gas production, those who could still summon lights with the flick of a switch felt lucky.
Now, many of them are paying a severe price for it.
“My savings is gone,” said Scott Willoughby, a 63-year-old Army veteran who lives on Social Security payments in a Dallas suburb. He said he had nearly emptied his savings account so that he would be able to pay the $16,752 electric bill charged to his credit card — 70 times what he usually pays for all of his utilities combined. “There’s nothing I can do about it, but it’s broken me.”
His Lights Stayed on During Texas' Storm. Now He Owes $16,752.
SAN ANTONIO — As millions of Texans shivered in dark, cold homes over the past week while a winter storm devastated the state’s power grid and froze natural gas production, those who could still summon lights with the flick of a switch felt lucky. Now, many of them are paying a severe price for...
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