4 Board Members Resign from Texas Grid Operator ERCOT


Four members of the Texas power grid operator resigned from their jobs Tuesday after a winter storm caused millions of homes to lose power across the state last week, according to a public document.

Because it is important: Their resignations come days after the Texas Public Utilities Commission launched an investigation to uncover “factors that combined with devastating winter weather to disrupt the flow of energy” across the state.

Texas Electrical Reliability Council (ERCOT) President Sally Talberg resigned along with Vice President Peter Cramton and board members Raymond Hepper and Terry Bulger.

  • During the storm, ERCOT, which manages the flow of electric power in the state and is separated from the federal power grid, began to carry out power outages to balance the demand and supply of the grid.
  • Subsequently, wholesale energy prices rose from about $ 50 per megawatt hour to $ 9,000, WFAA reports, noting that some Texans faced bills of up to $ 17,000 so far this month.
  • ERCOT said last week that the network nearly suffered a catastrophic failure that could have caused uncontrolled blackouts that left residents without power for months.

The panorama: Texas Attorney General Ken Paxton formally demanded copies of communications and other documents from ERCOT and Texas electric companies related to the winter storm, reports Ben Geman of Axios.

  • Texas Gov. Greg Abbott (R) called for an investigation into ERCOT on Tuesday, calling the expensive energy bills “unacceptable.”

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