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ERCOT Manager Resigns After Extensive Storm Stop

After being on the verge of collapse due to a recent winter storm, five officials have resigned from the board overseeing the Texas power grid, with millions during some of the coldest temperatures the state has experienced in a generation. People lost electricity.

Texas Electrical Reliability CouncilThe board, which controls the flow of electricity for more than 26 million people in the state, has been blamed for widespread outages, and governors, legislators, and federal officials are investigating system failures, especially in cold weather. You are prompted to start.

The five directors, who will resign at the end of the meeting scheduled for Wednesday morning, were all from outside Texas. This is the issue of critics who questioned the wisdom of outsiders who play such an influential role in state infrastructure.

In a statement submitted to the Public Utility Commission on Tuesday, four members of the board said, “To give state leaders free access to future directions and eliminate distractions.” He said he would resign. In the footnote, Filing added that the fifth member has also resigned.

Departing is Sally Thalberg, Michigan’s chairman and former state utility regulator. Peter Cramton, Vice Chairman and Professor of Economics at the University of Cologne and the University of Maryland, Germany. Terry Bulger, a retired bank executive living in Illinois. Raymond Happer, a former employee of the New England power grid oversight agency. Vanessa Anesetti-Parra oversees the regulatory work of a Canadian-based company. Another Craig S. Ivy, who was supposed to fill the vacancy, withdrew from the 16-member committee.

The board was scrutinized and scrutinized as the state’s power grid approached instability in a complete power outage due to a winter storm last week, which could take months to recover. In a last-minute effort to avoid it, a council known as ERCOT ordered a power outage that plunged most of the state into darkness and caused electricity prices to skyrocket.Some customers Billing well over $ 10,000..

The weather crippled the system as the power plant was knocked offline and the pumps used to produce the natural gas needed to fuel it froze.

State officials say ERCOT provided a guarantee that the power infrastructure was ready to withstand winter conditions.

Governor Greg Abbott said in a statement, “But these guarantees turned out to be catastrophic mistakes. When the Texas people were in desperate need of electricity, ERCOT failed to do its job and the Texas people. Remained shivering in a weak house. “

As the state recovered from the crisis, it became aware that some board members lived outside the state, causing anger, and ERCOT initially removed information about them from its website. Officials said members were harassed and threatened.

A state legislature said he was considering a bill banning non-Texas residents from becoming directors.

“If you don’t live here, you haven’t experienced what we’re experiencing, and you’re still responsible for making decisions on our behalf, it’s unacceptable,” the district said. The suburbs of Jeff Reach Dallas, the representative of the covering states, said in a recent interview.

The resignation comes as the state legislature prepares to hold a hearing on Thursday’s power outage. The Harris County Attorney, who has jurisdiction over Houston, said Tuesday that he had begun a civil investigation to investigate decisions such as the ERCOT and the Public Utility Commission, and that the District Attorneys in Travis County, including Austin, had opened. Criminal investigation.

“We look forward to working with the Texas State Council and thank the retiring board members for their services,” ERCOT said in a statement.

The Federal Energy Regulatory Commission said late Monday that its executives would review the wholesale market for natural gas and electricity in Texas to determine if there was perhaps illegal anti-competitive or price-fixing.

Due to a power system failure, wholesale electricity prices have risen from $ 1,200 per megawatt hour to about $ 9,000.

Energy analysts said the failure involved not only surveillance from ERCOT, but also utilities in the state that did not prepare the system for harsh weather conditions.

Michael E. Webber, a professor of mechanical engineering at the University of Texas at Austin, said: “I had to roll my head, but I don’t think anything will change.” It’s blaming the grid operator’s out-of-state board members, not the gas producers or power plant owners in the state. it’s simple.”

He said they neglected to spend money to make their equipment, pipelines and wires weatherproof to resist frigid weather, as state regulations did not obligate them to do so. Said.

Ivan Pen And Clifford Claus Contribution report.

ERCOT Manager Resigns After Extensive Storm Stop

Source link ERCOT Manager Resigns After Extensive Storm Stop

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