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Texas power grid operator approved for a 40% budget increase

The Electric Reliability Council of Texas said it needs more money to comply with new regulations, hire more employees and fight legal challenges. It said the budget increase will cost power customers less than 20 cents per month.

Four reliability coordinators monitor the state power grid during a tour of the Electric Reliability Council of Texas (ERCOT) command center in Taylor on August 14, 2012.

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Energy State government Texas Public Utility Commission