Texas Calls for Energy Conservation After Six Power Plants Fail.

The power plant failures resulted in a loss of about 2,900 megawatts of electricity, the Electric Reliability Council of Texas said in an email statement Friday. Houston spot power prices briefly spiked above the $5,000 a megawatt-hour price cap at about 5 p.m. local time with the rest of the grid topping $4,000, according to Ercot's website. (Bloomberg) -- The Texas grid operator called on residents to conserve energy Friday after six generation facilities tripped offline amid hot weather, prompting power prices to spike. [Extracted from the article]