Texas power grid back to normal, says the provider.
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https://www.foxbusiness.com/markets/texas-power-grid-back-to-normal-ercot#&_intcmp=hp1r_1,hp1rTexas power grid back to normal: ERCOT
Millions of Texans lost power during winter storm
By Jonathan GarberFOXBusiness
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Texas’ power grid is running at normal operations, the Electric Reliability Council of Texas said on a conference call Friday morning.
"We just got the notice from our control room that we have left in the last stage of emergency operations, so we are completely back to normal operations," said ERCOT President and CEO Bill Magness. ERCOT manages power for more than 26 million Texans, about 90% of the state’s electric load.
Millions of Texans had been subject to rolling blackouts since Monday morning as freezing temperatures and a winter storm idled many of the state’s wind turbines and resulted in reduced oil and gas production, impacting the electricity generators that rely on fossil fuels.
At the same time, the frigid weather conditions resulted in increased demand from ERCOT customers, sending electricity prices soaring.
Texas lawmakers will next week hold hearings on the power outages in an effort to determine what went wrong. ERCOT board of directors is also scheduled to meet on the matter.
"Texas can't afford for this to happen again," Magness said.
This story is developing. Check back for updates.