The board of directors of the Electric Reliability Council of Texas (ERCOT), grid operator for most of the state, approved a budget that is not to exceed $658.7 million for the nodal market redesign and expanded the schedule with a go-live date of December 2010.

CEO Bob Kahn expressed his confidence in the new schedule and the changes that have been made since ERCOT announced last May that the nodal market would not be ready by the Public Utility Commission’s (PUC) Jan. 1 target. Read  Article.