ERCOT to Receive $3.5 Million in Federal Funds
The Electric Reliability Council of Texas (ERCOT), grid operator and manager of the electric market for most of the state, received notice today that the Department of Energy has selected ERCOT for two transmission planning awards totaling $3.5 million.
“Certainly, we are pleased with this news and will begin working to finalize the scope of the project,” Interim CEO Trip Doggett said. “We believe these funds will aid our development of an efficient, long-term transmission framework for the Texas interconnection that is cost-effective and reliable and that facilitates development of low cost, environmentally friendly resources by ERCOT market participants.”
DOE news release
ERCOT Sept. 10, 2009 news release
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.