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FERC approves Texas Reliability Entity, Inc. as New Regional Entity for ERCOT

On May 6, 2010, FERC issued a letter order approving: (i) a new regional delegation agreement between NERC and Texas Reliability Entity, Inc. (“New Texas RE”), thereby approving the delegation of authority to New Texas RE as the Regional Entity for the ERCOT region, (ii) termination of the existing delegation agreement between NERC and Texas Regional Entity (“Original Texas RE”), and (iii) the amended 2010 Business Plan and Budget, including the additional 2010 assessment of $2,483,964 in costs arising from the formation of New Texas RE. To see the letter order, click here.