More interesting facts on ERCOT: The Texas Supreme Court has agreed to review a lower court's ruling that the state power grid manager is entitled to sovereign immunity, a legal principle that protects governments and their agencies from lawsuits. What prompted this? 1/

Panda Power, a Dallas company sued ERCOT about 4 years ago, alleging the grid manager manipulated the state's power needs to encourage new power plant construction to relieve political pressure building in Texas. Panda Power built three power plants and invested billions of $$ 2/

Based on ERCOT projections that Texas desperately needed more generation to meet growing power demands. But ERCOT argued that it needs immunity from lawsuits b/c it is funded by transaction fees paid by power generators and a verdict ordering it to pay sizable damages would 3/

force it to spread the cost among generators, which in turn, would pass it on the form of higher electricity prices. ERCOT is the only grid manager in the nation with sovereign immunity.