>ERCOT is a membership-based 501(c)(4) nonprofit corporation,[11][12] and its members include consumers, electric cooperatives, generators, power marketers, retail electric providers, investor-owned electric utilities (transmission and distribution providers), and municipally owned electric utilities.[13]
And who are those? Wikipedia says:
>ERCOT is a membership-based 501(c)(4) nonprofit corporation,[11][12] and its members include consumers, electric cooperatives, generators, power marketers, retail electric providers, investor-owned electric utilities (transmission and distribution providers), and municipally owned electric utilities.[13]
It's not "owned" by anyone.