For those of y'all who endured the rolling blackouts in Texas on Wednesday morning, here comes word from Tom Fowler (of the Houston Chronicle) that there may have been no need for them after all.
So what was really going on Wednesday morning?
Is it a case of ERCOT mismanaging the grid? Was it an attempt to manipulate the market? Was it a conspiracy by either providers or transmitters to force through rate increases? Or was it simply an overreaction to a problem that should have been anticipated?
One thing is for certain - there was ample warning of the Arctic storm that hit Texas.
For ERCOT's side of the story, click here.