Texas Power Grid Under Stress From Energy Transfer Gas Transmission Fees

“It’s authorized monopoly abuse. There’s no other way to get around it,” said Beth Garza, who served for five years as a watchdog for the Electric Reliability Council of Texas, or Ercot, as the state’s grid operator is known. “If there’s only one provider of a key service and there’s no limit on what that provider can charge for their product, that provider is going to profit-maximize by as much as they can get away with,” said Garza, now a senior fellow at the R Street Institute, a free-market think tank in Washington.