Brian Lloyd, the executive director of the Public Utility Commission has directed the electric reliability monitor (the Electric Reliability Council of Texas) and the electric market monitor (Potomic Economics) to investigate all of the events surrounding last week’s rolling blackouts and electric generation failures. This includes “all preparations” made by ERCOT and all actions taken once the emergency was in full force. He has also directed them to pay particular attention to whether rules governing market manipulation and potential price gouging were violated.
Below is Lloyd’s letter.
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