FERC is investigating price gouging in Texas.

That is probably a new vocabulary word for ERCOT. Price gouging, especially after such a tragedy that cost lives, is not a State's Rights issue. A negligent company that causes it's own price squeeze because it neglected it's responsibility to its customers, doesn't get to exploit them after their own preventable failure.

February 23, 2021
By Catherine Moorehouse

The Federal Energy Regulatory Commission (click here) on Monday announced it would investigate whether any natural gas or electricity market violations occurred during the recent cold snap that left millions without power in Texas and Oklahoma last week.

FERC's announcement follows its decision, in partnership with the North American Electric Reliability Corporation (NERC), last week to investigate the mass outages across the Electric Reliability Council of Texas (ERCOT), as well as in the Southwest Power Pool and the Midcontinent Independent System Operator. It also follows calls from Chair Richard Glick for Congress and the Texas legislature to reexamine ERCOT's "go it alone" approach.

The commission also announced it would open a new proceeding to examine the threat climate change poses to electric reliability, following FERC's decision last week to close its resilience docket, originally opened in response to the Trump administration's coal and nuclear bailout proposal....