ERCOT

A Houston-based private equity firm has emerged as the stalking horse bidder for a pair of gas-fired peaking power plants in Texas.

The Electric Reliability Council of Texas (ERCOT) has drawn up a 60-point plan to improve grid reliability in the state, the highlights of which include purchasing more reserve power, asking CEOs to sign weatherization certification and reviewing the need for on-site fuel supplies, among other things.