This lawsuit by dozens of insurance companies alleges ERCOT is responsible for the power failure last year and claims it could have been prevented.
As we head into the first winter season following the power failure last February, Texans are hoping the grid is better prepared for the cold weather. Companies filed the joint lawsuit in Travis County against ERCOT, the state's main power grid operator.
"The point of this lawsuit is to recoup those costs," said Rich Johnson, with the Insurance Council of Texas .Johnson said while this widescale lawsuit is not common in recent Texas history, similar action has been taken in other states. After widespread backlash and finger pointing to ERCOT, the Public Utility Commission, and Governor Greg Abbott, lawmakers passed multiple laws they called reforms.
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