ERCOT
ERCOT Board of DirectorsERCOT Other CommitteesERCOT Technical Advisory Committee (TAC)Public Utility Commission of Texas (PUCT)
The Electric Reliability Council of Texas manages the flow of electric power to about 90 percent of the state’s electric load. The nonprofit independent system operator is governed by a board of directors and is subject to oversight by the Public Utility Commission of Texas and the Texas Legislature.
Vistra said it expects to take a $1.3 billion financial loss because of the state’s massive power outage and its subsequent effects on the ERCOT market.
CenterPoint and OGE said Energy Transfer’s acquisition of Enable Midstream will allow them to focus on moving to a fully regulated utility business model.
Texas lawmakers took their shots at ERCOT as they tried to grasp the complexities of a system that failed during an “unprecedented weather event.”
American Electric Power CEO Nick Akins called for stepped-up reliability measures following a winter storm that ravaged the Texas grid.
ERCOT CEO Bill Magness detailed for the Board of Directors the events that led up to last week’s near collapse of the grid during a severe winter storm.
Five out-of-state members of ERCOT’s Board of Directors, including new Chair Sally Talberg, told the Texas PUC they will resign Feb. 24.
The Texas PUC issued a set of orders intended to protect Texas electricity customers and prevent possible disconnections for non-payment.
With the ERCOT system back to normal operations, Texas politicians and regulators are taking initial steps to ensure a similar crisis doesn’t happen again.
ERCOT said reserves had been restored and declared a return to normal conditions, ending an emergency that had left more than 4 million without power.
ERCOT said that enough generation had returned to service to stop the rotating outages that began Feb. 15.
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