Texas paid bitcoin miner $31 million to cut energy use during heat wave
To ease load on aging grid, state program offers energy credits to bitcoin miners to curtail their power consumption.
Watch CBS News
To ease load on aging grid, state program offers energy credits to bitcoin miners to curtail their power consumption.
The state of Texas has sweltered this summer under a seemingly endless cycle of extreme heat warnings. Those high temperatures have put a strain on the state's power grid, with Texas' grid operator saying demand for energy has set seven records this summer alone. Emily Foxhall, Texas Tribune energy reporter, joins CBS News to give an update on how the state's power grid is performing.
The price hikes come as demand for electricity in the Lone Star State has soared in recent weeks.
Millions of Americans are still feeling the heat. At least 33 states saw temperatures reach 90 degrees Fahrenheit on Friday, and it's a trend scientists say will likely continue. Texas Tribune energy reporter Emily Foxhall joins CBS News to discuss how the Lone Star State's power grid is keeping up with demand.
Texas lawmakers will hold a hearing Thursday to address the state's power grid failure during last week's winter storm. At least five board members from the Electric Reliability Council of Texas (ERCOT) have resigned. It comes as the state's petrochemical plants say they may have released millions of pounds of excess pollution into the air due to failures of the power grid. Erin Douglas, the Texas Tribune's environment reporter, joins CBSN's "Red & Blue" anchor Elaine Quijano to discuss the backlash Governor Greg Abbott is facing, as well as the communities that are likely to experience the greatest impact from the spike in air pollution.
Four board members are resigning from the Electric Reliability Council of Texas, or ERCOT, after last week's deadly winter storm knocked out power for millions. Dallas Morning News political writer Gromer Jeffers joins CBSN's "Red & Blue" host Elaine Quijano to discuss what comes next for the state's power plans.
The storm system has placed more than 100 million Americans under winter weather alerts, and over 4,000 flights had already been canceled by Thursday morning.
With the heat index going into triple digits, ERCOT is asking Texans to raise thermostats and shut off large appliances.
Amid the winter storm last month, one woman was billed $9,546 between February 1 to19 — 40 times more than her typical bill of $200 to $250.
Some Griddy customers were charged more than $9,500 even as last month's blackout caused residents to lose power.
Approaching ouster of Bill Magness comes after last month's outages left millions without power and head in frigid temperatures.
A Houston family is in mourning after their loved one died of hypothermia during last week's power outages. Janet Shamlian reports on their loss and how they're trying to cope.
Texas resident claims power provider Griddy broke price-gouging laws as winter storm knocked out power.
"We're victims of our own attempt to let free market forces work," said one lawmaker investigating last week's outages.
The board members cited concerns of "out of state leadership," as three live in other states, and one lives in another country.
Texas Governor Greg Abbott gave an update Sunday to address how the state is dealing with the ongoing crises of skyrocketing energy bills, food shortages and lack of access to water after deadly winter weather crippled the state's infrastructure. Watch Abbott's press conference.