Texas Lawmakers Issue Warning Over Power Watchdog: Energy Daily

Welcome to Energy Daily, our guide to the energy and commodities markets powering the global economy. Today, US Power Reporter Naureen S. Malik examines the turmoil engulfing monitors of Texas’ power grid. To read about the trader building a Chinese giant in Glencore Plc’s image, click here. To get this newsletter sent straight to your inbox, you can sign up here.

As Texans often tell you, the Lone Star State is a unique place. That’s undeniably true when it comes to its power supply.

Unlike the rest of America, the local grid — the Electric Reliability Council of Texas (Ercot) — operates ...