No they didn't. The bottom line is that ERCOT is led by a bunch of dummies. Hanlon's Razor applies.
So your narrative is that a multi billion dollar company is just dumb, and not controlled? I'm not attacking you. Just asking if that's what you believe.
First of all, ERCOT is not a multi-billion dollar company, its a 501c4 (aka "social welfare agency"). Nominally it behaves as a regulatory entity:
https://en.wikipedia.org/wiki/Regional_transmission_organization_(North_America)
Secondly, yes, they are that dumb. I am an exec at an energy company and we have dozens of people that go to regulatory meetings at every ISO/RTO, including ERCOT. Their lack of forethought here, and over-reliance on renewables, has been an outstanding concern.
Ok. Thanks for your opinion.
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