> Texas spike was set to the max price by the regulator... IIRC, a member of ERCOT who resigned claimed high-ranked state politician(s) pressured the regulator

> Texas spike was set to the max price by the regulator... IIRC, a member of ERCOT who resigned claimed high-ranked state politician(s) pressured the regulator to do set the max price - so it wasn't the independent judgment of the regulator that the system was working; or that this was the solution.