‘This was a devastating event,’ CEO says in ERCOT board meeting after millions lost electricity last week

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In an urgent board of directors meeting Wednesday, the Electric Reliability Council of Texas addressed last week’s extreme winter weather that left millions without electricity.

“This was a devastating event,” CEO Bill Magness said in his opening statements. “Power is essential to civilization.”

ERCOT officials said controlled outages were implemented to prevent a statewide blackout,…


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