Regulators to Review ERCOT
February 22, 2021
Much has been made about ERCOT’s independence and whether its unique position contributed to the energy crisis last week. However, the National Law Review points out that ERCOT does not operate alone. “Although FERC’s jurisdiction over wholesale power sales and transmission does not reach ERCOT markets, its reliability jurisdiction does apply in ERCOT. After the 2011 cold weather event, FERC initiated a broad inquiry that resulted in a joint report with the North American Electric Reliability Corporation. Now FERC and NERC have announced a joint inquiry into the bulk-power system during the recent extreme weather that hit Midwest and Southcentral states.