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Electric Reliability Council of Texas history
Electric Reliability Council of Texas company history timeline
In 1970, ERCOT was formed to comply with NERC requirements.
On May 4, 1976, Central Southwest Holdings attempted to force the issue, with an event that was later called the "Midnight Connection", where it connected the grid to Oklahoma for a few hours.
According to an article from the NY Times, the decision in 1999 to further deregulate the system and create a market-based system of private entity generation, transmission, and retailers.
The 1999 deregulation also dropped limits on rate increases.
On February 16, 2021, it was reported that at least 10 deaths were linked to the 2021 ERCOT grid power outages.
2022 Summer SARA and CDR reports
Senate Bill 3 requires that the power grid upgrade its equipment to withstand extreme conditions or “weatherize”. They won’t be required to do so until 2022, leaving the power grid the same way it started this year — unprepared.
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Electric Reliability Council of Texas competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| NYISO | 1997 | $400.0M | 563 | 10 |
| Southwest Power Pool | 1941 | $199.5M | 400 | 5 |
| PJM Interconnection | 1927 | $920.0M | 985 | 11 |
| Serc Reliability Corporation | 2005 | $50.0M | 2 | 2 |
| ISO New England | 1997 | $460.0M | 605 | 22 |
| Thames Water | 1989 | $2.7B | 7,000 | - |
| NESS | 1972 | $1.0M | 6 | 13 |
| Epcor Utilities, Inc. | 1996 | $1.3B | 3,600 | 17 |
| Customized Energy Solutions | 1998 | $42.6M | 51 | 12 |
| Bonneville Power Administration | 1937 | $230.0M | 2,377 | - |
Electric Reliability Council of Texas history FAQs
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Electric Reliability Council of Texas may also be known as or be related to ELECTRIC RELIABILITY COUNCIL OF TEXAS, ERCOT, Electric Reliability Council of Texas, Electric Reliability Council of Texas, Inc., Ercot and Ercot Iso.