ERCOT Scraps Winter Power Reserve Program Amid Uncertain Conditions

The Electric Reliability Council of Texas (ERCOT) has canceled a program to boost power reserves for the upcoming winter after no energy companies volunteered to reactivate their shuttered plants. ERCOT had sought additional electricity generation to power about 600,000 homes, but only received offers for enough power to cover 2,200 homes. The cancellation comes as ERCOT forecasted a near 20% chance of emergency conditions this winter.