Texas Grid Operator Warns of More Blackout Threats

Updated, Thursday, 4:45 p.m.:

Trip Doggett, the chief executive of ERCOT, said in a press call that the magnitude of the shortfall in backup power "was not expected," and the surprise was due to a large, planned new coal plant being unavailable.

Also, reactions to the ERCOT report are rolling in. Texas Competitive Power Advocates, a group representing power plant operators and other electric companies, said that the report showed the importance of "proper pricing signals" to facilitate investments in new plants. But Randy Moravec, the executive director of the Texas Coalition for Affordable Power, issued a statement ...

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