* Falling electric reserves prompt emergency action
* Real-time power prices jump above $1,000
(Updates to show that emergency warning has been canceled)

HOUSTON, June 27 (Reuters) – The Texas electric grid operator on Monday canceled an emergency warning after
residents and businesses limited power use amid triple-digit temperatures and the unexpected loss of about 2,000 megawatts of generation.

No rolling blackouts were reported.

The Electric Reliability Council of Texas (ERCOT) said power demand reached 62,762 megawatts between 4 and 5 p.m.
(2100-2200 GMT), setting a new record for June consumption.

Continue reading at Reuters.