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Originally Posted by earlywynnfan
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Right! And omitted from his post is the fact that most ERCOT executives didn't even live in Texas (or the US for that matter).
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I assume they just enjoy the freedom that deregulation gives them to maximize profits while foregoing upkeep? I'm not paying close attention, but I'm willing to bet none of the people who got rich off this system for years will have to pay up, just the taxpayers. |
I probably should just shut up, but I feel compelled to point out that ERCOT is neither a for-profit corporation nor the government (as someone else implied.) It is a 501(c)4 organization made up of paying members, which includes over 100 companies from various segments of the energy sector. ERCOT owns no assets. It's member companies, however, do and they are free to invest in, and upgrade, their systems as they see fit.
ERCOT isn't blameless here, but their heads aren't the only ones that should be rolling around on the ground.