November 27, 2024

ERCOT

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.
D’Andrea Resigns from Texas Commission
Arthur D’Andrea, Texas’ last remaining utility regulator, resigned at Gov. Greg Abbott’s request, 13 days after he was appointed chairman of the PUC.
ERCOT: Market Now Short $3.02B
ERCOT faces a shortfall of more than $3 billion after widespread generator outages stemming from a February winter storm.
Texas Senate Passes Bill to Reprice ERCOT Feb. Sales
Texas' Senate is requiring the repricing of $4.2 billion in transactions ERCOT’s IMM identified as “billing errors” associated with February's winter storm.
Abbott Rejects Call to Fire D’Andrea
Gov. Greg Abbot rejected calls to fire PUC Chair Arthur D’Andrea, who has refused to reprice billions of ERCOT transactions during February’s winter storm.
Texas PUC Strengthens Oversight of ERCOT
The Texas PUC appointed former staffer Adrianne Brandt and former ERCOT COO Brad Jones to guide an analysis of last month’s outages.
Is the ERCOT ‘Casino’ Going Bust?
Texas utilities are coming up short on payments to ERCOT, as the state legislature begins considering restructuring the grid operator's governance.
PUCT’s Botkin Resigns, 1 Commissioner Left
Texas Public Utility Commissioner Shelly Botkin resigned Monday, leaving the three-person body with just one member, Chair Arthur D’Andrea.
Former ERCOT CEO Rejoins Board
Former ERCOT CEO Bob Kahn has rejoined the Texas grid operator’s Board of Directors as it begins to reconstitute itself after a wave of resignations.
Texas PUC Won’t Reprice $16B Error
The Texas PUC declined to reprice $16 billion in market transactions that may have been incorrectly priced during the February winter storm.
ERCOT Board Cuts Ties with Magness
The names of potential successors to ERCOT CEO Bill Magness have already begun to circulate after the grid operator’s Board of Directors fired him.

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