Almost a year after presenting its initial blueprint for market reform, the State of Texas nears finalizing its Phase II decision.
Despite frequent hand-wringing, the state's largest power grid provided more than enough power to Texans during the summer heat.
The state expects the fall to be used to make up for power plant maintenance postponed during the summer heatwave.
Wholesale electricity prices increased 65 percent in 2021, without taking into account the blackouts cost, due in large part to the state's power grid reforms.
An unseasonably warm weekend coupled with unexpected mechanical issues caused Texas' grid regulator to issue a conservation request.
The former ERCOT CEO testified that Gov. Abbott told him during the winter storm to "do whatever necessary to prevent further rotating blackouts."
The multi-year lawsuit filed before the blackouts now holds even more importance after the 2021 grid collapse.
According to state officials, the power grid "performed well" throughout the winter event.
With precipitation incoming, state officials recommended Texans stay off the roads during the next few days as much as possible.
Dallas County commissioners increased tax revenue by five percent in Fiscal Year 2022.
As Texas enters the first winter following this year's devastating blackouts, state agencies are enforcing weatherization protocols for power plants and inspecting the units that faced outages in February.
A subsidiary of Tesla has been approved by the State of Texas to operate as a Retail Electric Provider.
