Market Information System Grid and Market Conditions

News Release

December 18, 2009

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

Secretary Chu Announces Efforts to Strengthen U.S. Electric Transmission Networks

ERCOT Sept. 10, 2009 news release

ERCOT Requests Stimulus Funds to Expand Long-range Grid Planning

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