Oil and gas interests left to "self-regulate" in aftermath of winter storm ERIN DOUGLAS, The Texas Tribune March 5, 2021 FacebookTwitterEmail After being battered by withering criticism of its management of the power grid during last month’s winter storm, the Electric Reliability Council of Texas saw several of its board members resign and fired its CEO. The chair of the Public Utility Commission, which oversees the grid operator, was forced to resign. The political fallout from the long-lasting Texas power outages have hit both entities hard after Gov. Greg Abbott blamed ERCOT’s leadership for the near-collapse of the electric grid and made its reform a legislative priority, and state lawmakers hammered the PUC for what they called a failure of oversight.