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.
ERCOT Board Fires CEO Bill Magness
ERCOT’s Board of Directors decided to invoke the termination notice in CEO Bill Magness’ contract during an emergency teleconference.
House Oversight Committee Pokes into ERCOT
The U.S. House of Representatives’ principal oversight committee joined the roster of agencies investigating ERCOT following February’s severe winter storm.
ERCOT’s Brazos Electric Declares Bankruptcy
Brazos Electric Power Cooperative filed for Chapter 11 bankruptcy, saying it was unable to pay ERCOT $2.1 billion in unexpected charges.
PUCT’s Walker Steps Down from Commission
Under heavy fire from state politicians over her response to the massive Texas blackouts, DeAnn Walker resigned as the chair of Texas’ PUC.
Vistra Stock Plunges After Market Losses
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, OGE Look to Exit Enable
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.
UPDATED: Texas Lawmakers Dig into Power Outages
Texas lawmakers took their shots at ERCOT as they tried to grasp the complexities of a system that failed during an “unprecedented weather event.”
AEP CEO Calls for More Stringent Reliability Measures
American Electric Power CEO Nick Akins called for stepped-up reliability measures following a winter storm that ravaged the Texas grid.
ERCOT Provides ‘Explanations, not Excuses’
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.
ERCOT Chair, 4 Directors to Resign
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.

Want more? Advanced Search