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ERCOT CEO: No Defaults At ERCOT, So Far, From Recent Scarcity Pricing
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During an update on recent ERCOT scarcity conditions provided at today's Texas PUC open meeting, ERCOT CEO Bill Magness said that ERCOT has not seen any defaults so far this summer
"I don't have anything to tell you about credit at this point. We saw no defaults, didn't have some of the issues we saw law summer. I think the changes that we made in the collateral and the credit market have sort of baked in and people were prepared for that, so that was good news, at least so far this summer," Magness said
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August 28, 2019
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Reporting by Paul Ring • ring@energychoicematters.com
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