Texas Regulators Postpones Decision on ERCOT Market Reorganization to Next Week

State regulators on Thursday delayed a long-awaited vote on proposed Texas electricity market reform amid disagreement among state leaders over the substance of the lead plan.

Peter Lake, chairman of the Texas Public Utilities Commission, said he now aims for a five-member panel to vote on the issue on January 19. be just a recommendation.

“We will look to the Legislature to provide us with feedback and take a different direction,” Lake said.

The legislature, which meets this week and will sit until May, can “tell us we’re off course, give us a different path, and we’re certainly happy to support and implement that,” he said.

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