Five Texas Grid Board Members Resign In Wake Of Power Catastrophe

SourceForbes
SectorEconomy
CountryMiddle east

Share to Linkedin Snow covers the ground in Waco, Texas as severe winter weather conditions over the last few days has ... [+] forced road closures and power outages over the state on February 17, 2021. - Millions of people were still without power on February 17 in Texas, the oil and gas capital of the United States, and facing water shortages as an unusual winter storm pummeled the southeastern part of country. The National Weather Service (NWS) issued a winter storm warning for a swathe of the country ranging from east Texas to the East Coast state of Maryland.

(Photo by Matthew Busch / AFP) (Photo by MATTHEW BUSCH/AFP via Getty Images) The chairman and four directors of ERCOT, the agency that runs Texas' electricity grid, have resigned after the grid failed catastrophically during a cold snap that swept through the state and left millions without power for days last week, according to a filing. The fallout comes as...read more...