A deviation from ERCOT rules : Interim CEO s comments raise questions about power pricing during storm
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Brad Jones, interim president and chief executive officer of ERCOT./
In a low-key appearance in front a Texas Senate committee last week, the interim CEO of the Electric Reliability Council of Texas, the state’s electric grid operator, appeared to make a surprising admission.
Brad Jones said the operator’s decision during February’s winter storm to set prices for wholesale electricity at the highest level for 32 hours longer than may have been necessary “overrode the ERCOT protocols.”
The move cost CPS Energy and other Texas utilities billions of dollars.