The Houston Chronicle reports that the former head of the Texas power grid testified that he was ordered by the governor to keep power prices at the maximum price cap. Bill Magness, the former CEO of the Electric Reliability Council of Texas, said that DeAnn Walker told him to do whatever was necessary to prevent more power failures. Stay on top of the economic and market trends. You can subscribe for free. Magness said the governor told her if we emerged from the rotating outages it was imperative they not resume. The Chronicle reports that power prices were kept at the maximum of $9,000 per megawatt hour, more than 150 times normal prices, during last winter's storm. The governor was not involved in the decision to keep prices at the maximum price cap, according to Abbott's spokesman. The decision to raise power prices was made recklessly and pushed the electric co-op out of business, as part of a trial brought by the electric co-op. Magness, who was fired last year, maintained that his actions to keep power prices at the maximum price cap were necessary to prevent the grid from slipping into a total black out. According to the Chronicle, the decision was to encourage large power users to stay offline. A person for Abbott did not respond to the request for comment. Go deeper. Get the latest market trends with Axios Markets. You can subscribe for free. A man from the area faces a maximum of life in prison on hate crime charges for believing that a Chinese family was responsible for the Covid epidemic. This isn't the first time RICO charges have been leveled against Wall Street. Few know that Amazon has millions of Prime subscribers. The governor wants the child welfare agency to treat gender-affirming treatments as child abuse. ABC News has confirmed that the first time a member of the Trump family has engaged in voluntary negotiations outside of a subpoena, is when the eldest daughter of former President Donald Trump is talking to the House Select Committee. As the Capitol was under attack after the president's speech on the morning of January 6, one of the few aides with the president inside the West Wing wasIvanka Trump. Governor Greg Abbott ordered the Texas Department of Family and Protective Services to investigate doctors and parents who allow a child to have gender-transition surgery. The AirMini AutoSet is the world's smallest CPAP. For a limited time, you can get a free prescription for the AirMini. The writer dislikes Gen. Michael Flynn and MyPillow CEO. A judge in the U.S. permanently barred Shkreli from serving as an officer or director of publicly traded companies and ordered him to pay a fine for violating securities law. The ruling was issued by the District Judge in Brooklyn. Shkreli argued that his seven-year prison sentence and $7.8 million in forfeiture and penalties in his criminal case were enough punishment. Bob Bolus had promised to make a beeline from Pennsylvania to D.C. this week. Protect your files and photos with a full terabyte of OneDrive cloud storage. H. Russell Taub, a Republican candidate in Rhode Island, sought help from Russian intelligence in order to oust Rep. David Cicilline. San Francisco Fed's Mary Daly disagrees with experts who think there will be a long correction for the US economy now that inflation is high again. They actually did it! The classic cartoon Spider-Man meme popped up on social media Wednesday for the digital and 4K release date announcement of No Way Home, which was re-created by Tom Holland, Tobey Maguire and Andrew Garfield. A high-interest account allows you to earn compound interest, while still having full access to your money. These are the top picks. Farber says the incident left her with severe stress, anxiety and mental anguish. A California woman is suing the Los Angeles police department after she was imprisoned for nearly two weeks before officers determined they had the wrong suspect. Authorities mistook a woman with the same name as the one they were looking for. Mike DeWine is expected to sign a law that will allow school athletes to wear religious head gear. A meeting with the Russian foreign minister was canceled as the South American harvests threaten global supplies. Simplify your life. In style! Checkout the Toyota Sienna. Air Peace has the worst domestic flight delays in Nigeria according to official data. Dark money in the U.S. government is what Sen. Whitehouse calls araging prairie fire. Whitehouse tells Molly that McConnell is the person who is now the spigot for dark money in Senate races. In the past two years, the value of allcryptocurrencies has grown by 500%. The market could grow 10-fold or even 50-fold if the market believes that it is the disruptive force that many think it is. Fantom and Avalanche are two of my favorite blockchain projects, and both could generate significant wealth for long-term investors. I only got 7 correct. A man is charged with manslaughter after police found his leg. In a statement on Monday, former staffers for Texas Attorney General Ken Paxton said that he lied to the FBI about them. According to The Dallas Morning News, there are four former staffers who worked for Paxton that have not been charged with a crime. The founder of the Legion of Christ religious order was accused of raping and molesting eight men when they were boys preparing for the priesthood by a Connecticut newspaper 25 years ago. It took another decade for the Vatican to sanction the founder of the Legion of Christ after he was found to have violated at least 60 boys. The Legion launched a defamation campaign against the original whistleblowers, branding them liars who were trying to hurt a man considered a living saint.Axios
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