ERCOT and the Texas Power Outage

In February, severe winter storms and an electricity generation failure left almost 5 million people in Texas without power, leading to hundreds of deaths, and a shortage of heat, food and water. The Electric Reliability Council of Texas (ERCOT) manages the flow of electric power to more than 26 million Texas customers. How did the massive power failure happen? What does this power outage suggest about the resilience of our critical infrastructure? Beth Garza, former director of ERCOT and senior fellow at the R Street Institute, answers these questions and more. Over the course of her 35-year career in the electric utility industry, Beth Garza has held a variety of leadership roles in generation and transmission planning, system operations, regulatory affairs and market design for both regulated and competitive entities.