Examples of Winter Storm Uri in a sentence
As a result of Winter Storm Uri in February 2021, our HWS Las Colinas and HWS Addison properties sustained varying damages to 13 and 12 units, respectively, from fire sprinkler breaks as well as burst pipes.
The dispute centers on whether EnLink Gas was excused from delivering gas or performing under certain delivery or purchase obligations during Winter Storm Uri, given our declaration of force majeure during the storm.
As a result of Winter Storm Uri, we have encountered customer billing disputes related to the delivery of gas during the storm, including one that resulted in litigation.
As a result of the February 2021 Winter Storm Uri Event, the cost to Brazos of supplying electricity to the Participating Members rose dramatically and resulted in Brazos filing for protection as a debtor under Chapter 11 of the Bankruptcy Code.
In accordance with the terms of the Financing Act, the Participating Members expect to finance a portion of the amounts such Participating Members owe Brazos as a result of the February 2021 Winter Storm Uri Event, for use by Brazos in accordance with the Brazos Chapter 11 Plan, using the proceeds of the Bonds, as further described in this financing order.
The purpose of the Financing Act is to enable electric cooperatives in Texas to use securitization financing to recover qualified costs, including, but not limited to, extraordinary costs and expenses incurred due to the February 2021 Winter Storm Uri Event.
If the liabilities incurred by Brazos as a result of the February 2021 Winter Storm Uri Event were to be passed directly to customers of each Participating Member, the expected increase in customer’s bills would be unprecedented.
Winter Storm Uri In February 2021, a severe winter storm with extremely cold temperatures affected much of the U.S., including Texas.
During the period beginning at 12:00 a.m., February 12, 2021, and ending at 11:59 p.m., February 20, 2021 (the “Period of Emergency”), the State of Texas (the “State”) experienced abnormal and extreme winter storm events (“February 2021 Winter Storm Uri Event”).
This Rate is only applicable to Customers connected after the Winter Storm Uri event and meeting the following criteria: Load Size: Greater than 5 MW Annual Average Load Factor Greater than 70% Securitized Contract Monthly Rate:$0.00050 per kWh in the billing period.