Texas PUC Vote Signals Support For Market Shift
by Jim Malewitz, Texas Tribune
Texas regulators signaled Friday that they would pursue a major overhaul of the wholesale electricity market in hopes of ensuring the long-term reliability of the state’s electric grid.
At a meeting that turned testy, the Public Utility Commission voted 2-1 to mandate an electrical “reserve margin,” which is backup capacity that grid operators could tap if consumption in power-thirsty Texas soars above expectations. Those on both sides of the debate called Friday’s nonbinding vote the first step in…