Market Information System Grid and Market Conditions

News Release

September 01, 2009

Live, Archived Broadcasts of ERCOT Board Meetings Available

The Electric Reliability Council of Texas (ERCOT), grid operator for most of the state, is now webcasting video of all its board meetings in compliance with legislation passed in the 81st Legislative Session.

Live and archived broadcasts of the monthly board meetings, excluding executive sessions, can be viewed on the Internet at no charge on Texas Admin in the Texas Admin ERCOT section.

Representative Burt Solomons, who chairs the House State Affairs Committee, introduced the legislation to provide transparency in the multiple-billion-dollar electric market.

"Open meetings provide an opportunity for citizens to play a role in promoting better government," Rep. Solomons said.  "Consumers can view the public hearings at ERCOT without having to travel to the meetings or pay a subscription fee to watch it online.  This is the essence of better government."

ERCOT is paying the cost of the webcasts, estimated to be between $190,000 and $304,000 annually, depending on the number of board meetings and board committee hearings, which are also being broadcast.

CEO Bob Kahn echoed Rep. Solomons’ sentiments: “We are pleased to be able to provide this additional option for consumers to have more access to the ERCOT board meetings.”

The ERCOT board typically meets on the third Tuesday of each month.  Meeting dates are posted on the ERCOT website (www.ercot.com).  Agendas and related documents are posted with the meeting dates a week in advance.

The ERCOT Board of Directors has overall responsibility for managing the affairs of ERCOT, including approval of the budget and capital spending priorities, approval of revisions to ERCOT protocols and guides, and endorsement of major new transmission infrastructure recommendations. 

ERCOT’s 16-member “hybrid” board includes five independent members (unaffiliated with the power industry); three consumer segment representatives (industrial, commercial and residential); the ERCOT CEO; the Public Utility Commission chairman (non-voting), and six representatives from each of the industry segments – investor-owned utilities (or transmission owners), municipal-owned utilities, cooperatives, generators, power marketers and retail electric providers.

ERCOT is subject to oversight by the Texas Legislature and is fully regulated by the Public Utility Commission of Texas.

Note: RealPlayer or RealOne Player software is required to access the video/audio broadcasts. A free “player only” or “basic” version can be downloaded at www.real.com.

The Electric Reliability Council of Texas (ERCOT) manages the flow of electric power to more than 26 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 710+ 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