Author Mark Watson
Houston — The Electric Reliability Council of Texas’ revenue in 2019 exceeded budget expectations by 13.3% and expenditures were 3.4% below budget, board members learned Tuesday, largely because of increased interest income and fees tied to energy sales and interconnection studies.
During ERCOT President and CEO Bill Magness’ update to the board of directors, he noted that the preliminary budget review for 2019 shows a net positive variance – i.e., more than expected revenue, less than expected expenses – of $35.4 million. …
