ERCOT is “much more likely” to deal with “emergency-alert type conditions” this summer given the system’s 7.4% reserve margin, CEO Bill Magness said.

ERCOT CEO Bill Magness told the Board of Directors the grid operator will use favorable budget variances to fund the addition of real-time co-optimization.

ERCOT is repeating many of the preparations it took before last summer as it looks ahead to even tighter reserve margins in 2019.

ERCOT’s Board of Directors unanimously approved the grid operator’s first economic project in three years, a $53.3 million transmission upgrade.

ERCOT’s Board unanimously approved staff’s determination that no market changes are needed to address price formation issues as a result of DC tie flows.

ERCOT’s Board of Directors approved an ISO request to correct real-time energy prices following a July event that caused brief market palpitations.

ERCOT executives said that system generation has overperformed during the summer, helping the grid operator meet demand during July’s record heat.

ERCOT CEO Bill Magness assured his Board of Directors that the grid operator is prepared for the summer heat.

The ERCOT Board of Directors rejected an appeal by small public power distributors seeking a proposed change to the definition of transmission owners.

The Texas PUC (PUCT) conditionally approved Vistra Energy’s $1.7 billion acquisition of Dynegy, allowing the combined company to avert a requirement that it divest generation.