Dive Summary:

• With the summer approaching, the North American Electric Reliability Corp (NERC) is monitoring Texas to see if the state is actively boosting energy reserves to prevent summer blackouts and curb demand.
• The state's strained financial market and falling wholesale prices have caused many energy developers to stall plans to build new power plants.
• "We went over all the things that are taking place in Texas," said Gerry Cauley, NERC's president. "It's a good list of activities to try to address the issue." Meanwhile, Texas projects its power reserve margin will be 13.2% this summer, below NERC’s minimum target of 13.75%.

From the article:

“The reserve margin will shrink each year through 2022, increasing the chance of a power outage from the agency's target of just once in 10 years.”