VST - Texas grid operator held financing talks with Goldman others - WSJ

Texas grid operator ERCOT has held talks with Goldman Sachs (GS) and other financial institutions about potential financing options to address a $3B-plus shortfall in electricity payments, WSJ reports.The preliminary discussions with investment bankers have looked at measures, such as a potential credit facility, that would stabilize the state energy market and cover amounts that energy retailers have not paid for the electricity they bought during last month's energy crisis, according to the report.San Antonio's public power utility CPS Energy today filed a lawsuit against ERCOT, seeking to prevent the grid operator from attempting to recoup from CPS the costs that other energy retailers have not paid.Potentially relevant tickers include [[VST]], [[NRG]], [[CNP]], [[AEP]], [[SRE]], [[JE]]An independent market monitor has said ERCOT overcharged by $16B during the severe weather and that it should conduct a repricing to provide relief; yesterday, it said that while it still estimates $16B in overcharges

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Texas grid operator held financing talks with Goldman, others - WSJ