“Two groups of municipal utilities in Texas, long critical of electric power deregulation in Texas and ERCOT in particular, have joined forces to issue a report, “The story of ERCOT: The grid operator, power market & prices under Texas electric deregulation.” The municipals describe the report as examining “governance issues related to ERCOT as an organization as well as deregulation issues related to ERCOT as a region.” In general, they assert that ERCOT has been costly, has suffered some significant episodes of mismanagement, the market hasn’t been as competitive as needed, and that power prices have been too high in the ERCOT region as a result.”