Vistra said it expects to take a $1.3 billion financial loss because of the state’s massive power outage and its subsequent effects on the ERCOT market.

Texas lawmakers took their shots at ERCOT as they tried to grasp the complexities of a system that failed during an “unprecedented weather event.”

Stakeholders voted to delay the endorsement of PJM’s proposal to develop rules for how storage should be considered in the RTEP process.

ERCOT CEO Bill Magness detailed for the Board of Directors the events that led up to last week’s near collapse of the grid during a severe winter storm.

The NEPOOL Participants Committee’s first working session on the “Pathways to the Future Grid” effort featured ISO-NE’s proposed work on market frameworks.

CAISO issued a draft final proposal for its summer readiness market enhancements initiative just three weeks after presenting a straw proposal.

MISO said its members collectively saved about $3.5 billion in 2020 for choosing RTO membership over going it alone on the grid.

SPP joined ERCOT in initiating rolling blackouts Monday as the entire Midwest experiences an unprecedented winter storm.

ERCOT staff’s work on summer reserve margins has drawn the attention of NERC executives, CEO Bill Magness told the Board of Directors.

Utilities and co-ops in 11 Southeastern states asked FERC for permission to expand bilateral trading in the region and allow 15-minute energy transactions.