A recent reassessment by ERCOT showed about 40 gigawatts more expected load growth in Texas than before in the next five to seven years.

The utility’s leaders said they’ll take $500 million in reliability investments elsewhere. Gov. Ned Lamont said he’ll reappoint the state’s top regulator.

Transforming the electric grid requires a coordinated strategy between technology, markets, and policy. The Office of Electricity is actively engaging all stakeholders.