Description
Drawing from his days at ERCOT, Ray Giuliani pulls back the curtain on his former employer, and recounts the events, players, and context that prevented closing the gap between ERCOT and any responsibility to provide energy to consumers. Giuliani's in-depth review is an enlightening and entertaining exposé of the struggles of a quasi-government entity which eventually lead to ERCOT's epic failure to meet consumer expectations during the great Texas Winter Storm of February 2021.
In the late 1990's, the Texas legislature created ERCOT as a not-for-profit quasi-government entity to enable the deregulation of the Texas electric utility industry. With deregulation, electric utilities no longer had an obligation to generate sufficient energy to meet consumer demand. It was assumed that the competitive market, enabled by ERCOT, would adequately replace that obligation.
The legislature set up ERCOT to be governed solely by a combination of government and business guidelines adopted by entities with a "stake" in its activities. That governance evolved into a political quagmire of self-interests and dereliction with Texas consumers having only a minority vote in the ERCOT agenda.
"Awesome read .... Insightful. Intelligent and Humorous. Well Done!!"
Author: Raymond Giuliani Jr.
Publisher: Stakeholders Golden Rule Limited Liabili Ty C
Published: 03/16/2021
Pages: 290
Binding Type: Paperback
Weight: 0.86lbs
Size: 9.00h x 6.00w x 0.61d
ISBN13: 9781735774817
ISBN10: 1735774812
BISAC Categories:
- Business & Economics | Industries | Energy
- Business & Economics | Leadership
- Business & Economics | Government & Business