WEBVTT NOTE duration:"00:02:56.5280000" NOTE recognizability:0.903 NOTE language:en-us NOTE Confidence: 0.7613213 00:00:00.000 --> 00:00:02.240 Matt Howerton's been digging into this NOTE Confidence: 0.7613213 00:00:02.240 --> 00:00:04.200 dispute that what are they fighting over? NOTE Confidence: 0.9185044 00:00:07.950 --> 00:00:10.242 Well, this is an incredible development NOTE Confidence: 0.9185044 00:00:10.242 --> 00:00:12.679 stemming from our storm last February. NOTE Confidence: 0.9185044 00:00:12.680 --> 00:00:14.650 Our winter storm last February, NOTE Confidence: 0.9185044 00:00:14.650 --> 00:00:15.874 Energy Transfer Partners, NOTE Confidence: 0.9185044 00:00:15.874 --> 00:00:17.914 which sells and moves natural NOTE Confidence: 0.9185044 00:00:17.914 --> 00:00:19.380 gas throughout the state, NOTE Confidence: 0.9185044 00:00:19.380 --> 00:00:21.935 sent this letter last week to Luminant NOTE Confidence: 0.9185044 00:00:21.935 --> 00:00:24.099 the state's largest power generator, NOTE Confidence: 0.9185044 00:00:24.100 --> 00:00:27.028 saying it owed them $21 million and that NOTE Confidence: 0.9185044 00:00:27.028 --> 00:00:30.796 if it didn't pay that money by this Monday, NOTE Confidence: 0.9185044 00:00:30.800 --> 00:00:32.880 will then quote Energy Transfer NOTE Confidence: 0.9185044 00:00:32.880 --> 00:00:35.405 Partners would be unable to provide NOTE Confidence: 0.9185044 00:00:35.405 --> 00:00:37.995 offers or deliver gas to at least. NOTE Confidence: 0.9185044 00:00:38.000 --> 00:00:39.880 Five of luminance power plants. NOTE Confidence: 0.9185044 00:00:39.880 --> 00:00:42.208 Luminance says that would eliminate power NOTE Confidence: 0.9185044 00:00:42.208 --> 00:00:45.137 for 400,000 homes on the Texas power grid, NOTE Confidence: 0.9185044 00:00:45.140 --> 00:00:48.524 but as of this hour that should not happen. NOTE Confidence: 0.9185044 00:00:48.530 --> 00:00:51.155 We'll explain how we got here today. NOTE Confidence: 0.9185044 00:00:51.160 --> 00:00:53.040 Luminite, a subsidiary of Vistra, NOTE Confidence: 0.9185044 00:00:53.040 --> 00:00:54.165 asked the Railroad NOTE Confidence: 0.9185044 00:00:54.165 --> 00:00:55.665 Commission to get involved, NOTE Confidence: 0.9185044 00:00:55.670 --> 00:00:57.914 saying energy Transfer partners is threat NOTE Confidence: 0.9185044 00:00:57.914 --> 00:01:00.960 to terminate service in the middle of winter NOTE Confidence: 0.9185044 00:01:00.960 --> 00:01:02.815 is illegal and grossly irresponsible, NOTE Confidence: 0.9185044 00:01:02.820 --> 00:01:05.445 and should be prohibited by this Commission. NOTE Confidence: 0.9185044 00:01:05.450 --> 00:01:07.014 The estimated 21 million NOTE Confidence: 0.9185044 00:01:07.014 --> 00:01:08.187 Luminant allegedly owes. NOTE Confidence: 0.9185044 00:01:08.190 --> 00:01:10.584 Can be traced back to last February. NOTE Confidence: 0.9185044 00:01:10.590 --> 00:01:11.598 Energy Transfer Partners, NOTE Confidence: 0.9185044 00:01:11.598 --> 00:01:11.934 which, NOTE Confidence: 0.9185044 00:01:11.934 --> 00:01:14.352 by the way made 2.4 billion during NOTE Confidence: 0.9185044 00:01:14.352 --> 00:01:16.077 the storm selling natural gas, NOTE Confidence: 0.9185044 00:01:16.080 --> 00:01:18.540 says Luminant over ordered natural gas NOTE Confidence: 0.9185044 00:01:18.540 --> 00:01:21.122 supplies after the storm and was charged NOTE Confidence: 0.9185044 00:01:21.122 --> 00:01:23.629 the 21 mill for not using all of it, NOTE Confidence: 0.9185044 00:01:23.630 --> 00:01:25.340 leaving it in the lines. NOTE Confidence: 0.9185044 00:01:25.340 --> 00:01:26.800 Luminant disputes the fee, NOTE Confidence: 0.9185044 00:01:26.800 --> 00:01:28.625 contending it's illegal and violates NOTE Confidence: 0.9185044 00:01:28.625 --> 00:01:30.320 emergency orders from the Railroad NOTE Confidence: 0.9185044 00:01:30.320 --> 00:01:32.540 Commission made during February of last year, NOTE Confidence: 0.9185044 00:01:32.540 --> 00:01:34.544 but hours after Luminant made its NOTE Confidence: 0.9185044 00:01:34.544 --> 00:01:36.336 please to the Railroad Commission NOTE Confidence: 0.9185044 00:01:36.336 --> 00:01:38.276 making this big spat public. NOTE Confidence: 0.9185044 00:01:38.280 --> 00:01:40.290 Energy Transfer Partners filed a response, NOTE Confidence: 0.9185044 00:01:40.290 --> 00:01:41.630 dialing back its threat, NOTE Confidence: 0.9185044 00:01:41.630 --> 00:01:43.640 saying it would continue to provide NOTE Confidence: 0.9185044 00:01:43.696 --> 00:01:45.502 daily sales services to ensure that NOTE Confidence: 0.9185044 00:01:45.502 --> 00:01:47.838 it can fulfill its role to serve NOTE Confidence: 0.9185044 00:01:47.838 --> 00:01:49.266 customers and maintain reliability NOTE Confidence: 0.9185044 00:01:49.266 --> 00:01:50.675 on the electric grid, NOTE Confidence: 0.9185044 00:01:50.675 --> 00:01:52.350 particularly for the cold weather. NOTE Confidence: 0.9185044 00:01:52.350 --> 00:01:54.360 Now we spoke with Michael Webber. NOTE Confidence: 0.9185044 00:01:54.360 --> 00:01:56.180 He is an energy expert with Utah NOTE Confidence: 0.9185044 00:01:56.180 --> 00:01:58.937 about all of this and he said the NOTE Confidence: 0.9185044 00:01:58.937 --> 00:02:00.465 developments are pretty unprecedented NOTE Confidence: 0.9185044 00:02:00.465 --> 00:02:02.069 between these two companies. NOTE Confidence: 0.9185044 00:02:02.070 --> 00:02:04.140 Considering that we're going to see NOTE Confidence: 0.9185044 00:02:04.140 --> 00:02:08.200 winter advisories roll in the weeks ahead. NOTE Confidence: 0.8767493 00:02:08.200 --> 00:02:10.729 It's a, it's a big fight over a little NOTE Confidence: 0.8767493 00:02:10.729 --> 00:02:13.306 thing in the fight looks to me it leaves, NOTE Confidence: 0.8767493 00:02:13.310 --> 00:02:14.960 you know 400,000 people ever many NOTE Confidence: 0.8767493 00:02:14.960 --> 00:02:17.064 years in the balance like so it NOTE Confidence: 0.8767493 00:02:17.064 --> 00:02:18.644 doesn't seem like billion dollar NOTE Confidence: 0.8767493 00:02:18.644 --> 00:02:20.080 companies slugging out over crumbs NOTE Confidence: 0.8767493 00:02:20.080 --> 00:02:21.830 with people hoping to get heat is NOTE Confidence: 0.8767493 00:02:21.830 --> 00:02:23.540 an appropriate thing to do this. NOTE Confidence: 0.8767493 00:02:23.540 --> 00:02:24.960 The timing is not right. NOTE Confidence: 0.8824856 00:02:28.520 --> 00:02:29.876 Again, one is stressed. NOTE Confidence: 0.8824856 00:02:29.876 --> 00:02:31.571 The threat to eliminate natural NOTE Confidence: 0.8824856 00:02:31.571 --> 00:02:32.848 resources to 400,000 homes, NOTE Confidence: 0.8824856 00:02:32.850 --> 00:02:34.475 or that would power 400,000 NOTE Confidence: 0.8824856 00:02:34.475 --> 00:02:36.850 homes is not in play right now. NOTE Confidence: 0.8824856 00:02:36.850 --> 00:02:38.566 Yet sources tell us this energy NOTE Confidence: 0.8824856 00:02:38.566 --> 00:02:40.188 spat has sent some shockwaves NOTE Confidence: 0.8824856 00:02:40.188 --> 00:02:41.840 into the political world. NOTE Confidence: 0.8824856 00:02:41.840 --> 00:02:44.090 Kelsey Warren, the owner of Energy NOTE Confidence: 0.8824856 00:02:44.090 --> 00:02:45.924 Transfer Partners which threatened to NOTE Confidence: 0.8824856 00:02:45.924 --> 00:02:47.828 cut off that natural gas to Luminant, NOTE Confidence: 0.8824856 00:02:47.830 --> 00:02:49.828 is one of Governor Greg Abbott's NOTE Confidence: 0.8824856 00:02:49.828 --> 00:02:51.160 biggest donors in Dallas. NOTE Confidence: 0.8824856 00:02:51.160 --> 00:02:52.496 Tonight. I'm Matt Howerton, NOTE Confidence: 0.8824856 00:02:52.496 --> 00:02:53.826 alright, very complex story. NOTE Confidence: 0.8824856 00:02:53.826 --> 00:02:55.486 Thank you for making sense NOTE Confidence: 0.8824856 00:02:55.490 --> 00:02:56.528 of it, Matt.