Trouble Is Brewing in Texas
There isn't enough power to meet demand in Texas. While this is a problem for state policymakers, it certainly won't harm incumbent generating utilities.
The problem starts with Texas' largest grid, the Electric Reliability Council of Texas, or ERCOT. Besides its unusual name, it has a unique design and a challenging situation. Under present circumstances, it can hardly claim to be reliable. ERCOT serves more than 80% of the state's electric load. The state designed ERCOT to avoid federal oversight and regulation. The theory was that since all ERCOT's power is intrastate, Washington can't claim it is engaged in interstate commerce, therefore, the federal government would, theoretically, have no jurisdiction....627 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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