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![Mike Greene, left, chairman of the board of directors of the Electric Reliability Council of Texas, and Tom Schrader, right, ERCOT President and CEO, wait to hear an auditor's report to the Mike Greene, left, chairman of the board of directors of the Electric Reliability Council of Texas, and Tom Schrader, right, ERCOT President and CEO, wait to hear an auditor's report to the](https://c8.alamy.com/comp/2PEJ6E4/mike-greene-left-chairman-of-the-board-of-directors-of-the-electric-reliability-council-of-texas-and-tom-schrader-right-ercot-president-and-ceo-wait-to-hear-an-auditors-report-to-the-board-of-the-company-that-runs-texas-electric-grid-tuesday-nov-16-2004-in-austin-texas-the-board-was-told-that-ercot-lacks-a-formal-set-of-policies-and-procedures-and-for-most-of-its-key-business-processes-according-to-the-audits-ap-photoharry-cabluck-2PEJ6E4.jpg)