News Release

May 20, 2008

ERCOT Announces Delay in Nodal Market Launch Date

Electric Reliability Council of Texas, Inc., grid operator for most of the state, announced today that the nodal market will not open on Dec. 1, 2008, as planned due to software deliveries later than expected. 

“Schedule is important, but quality is number one,” CEO Bob Kahn told the ERCOT Board of Directors. 

While a new implementation date has not been determined, ERCOT will be working closely with market participants and vendors over the next few weeks to come up with an updated project schedule.   

The December date was set in advance of a Public Utility Commission order which established a go-live date by January 1, 2009.  ERCOT plans to address the schedule with the PUC.

The Electric Reliability Council of Texas (ERCOT) manages the flow of electric power to more than 25 million Texas customers -- representing about 90 percent of the state’s electric load. As the independent system operator for the region, ERCOT schedules power on an electric grid that connects more than 46,500 miles of transmission lines and 650+ generation units. It also performs financial settlement for the competitive wholesale bulk-power market and administers retail switching for nearly 8 million premises in competitive choice areas.

ERCOT is a membership-based 501(c)(4) nonprofit corporation, governed by a board of directors and subject to oversight by the Public Utility Commission of Texas and the Texas Legislature. Its members include consumers, cooperatives, generators, power marketers, retail electric providers, investor-owned electric utilities, transmission and distribution providers and municipally owned electric utilities.

Contact

media@ercot.com

512-275-7432