At the ERCOT Board of Directors meeting in April, ERCOT leadership admitted that it made an error in calculating its newly approved approximately $644 million nodal implementation budget. According to ERCOT, it missed approximately $4 million in necessary spending in December 2008 when it was formulating the budget.
At the April Meeting, the Board’s discussion swirled around whether to access the controversial $58 million contingency fund. Public Utility Commission member Donna Nelson and others spoke out vehemently against breaking into the contingency fund this soon after the budget was passed. After a contentious discussion, the Board declined to permit ERCOT to do so. Instead, the Board directed ERCOT to carry the error as a line item within the current budget.
-- Pat Jackson
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