“The Sunset Advisory Commission struck a blow for Texas electricity consumers on Tuesday by calling for more fiscal oversight of the Electric Reliability Council of Texas. Texans depend upon ERCOT to manage the power grid and to oversee much of the state’s deregulated electricity market. But ERCOT’s spending and borrowing have increased in recent years to alarming levels. Under recommendations adopted by the legislative Sunset Advisory Commission, ERCOT would face new requirements that it obtain prior approval from regulators for its annual budget and for its use of debt. CAPP recommended both accountability measures in the interest of protecting Texas consumers, who ultimately must foot the bill for ERCOT’s spending.”

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