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Utilities

Kimberly Redmond | Equities.com |

Five board members of the Electric Reliability Council of Texas (ERCOT) – the non-profit entity that operates the electric grid that covers 90% of the state – intend to resign after last week’s blackouts left millions of people without electricity during a historic cold snap. Board Chairwoman Sally Talberg and Vice Chairman Peter Cramton, along with board members Terry Bulger, Raymond Hepper and Vanessa Anesetti-Parra issued a joint statement announcing their plan to step down at a meeting Wednesday, according to a filing with the Texas Public Utility Commission.


Reuters | Equities.com |

U.S. President Joe Biden’s administration has started discussions with the utility and automobile sectors about reducing greenhouse gas emissions, White House domestic climate change adviser Gina McCarthy told Reuters.

The talks are part of a broad effort by the Biden administration that McCarthy will spearhead to engage every federal agency to decarbonize the U.S. power sector by 2035 and the whole economy by 2050.