5 members of ERCOT’s board of directors resign after Texas blackouts

The company that manages 90% of the energy grid in Texas came under fire after massive blackouts. Some Texas residents filed a class-action lawsuit against the agency.
1:11 | 02/24/21

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Transcript for 5 members of ERCOT’s board of directors resign after Texas blackouts
We're going to turn now to the disaster in Texas, and major news on that front tonight. The resignations we've just learned about amid outrage over the power grid failure and electric bills now in the thousands of dollars for many across that state. ABC's Marcus Moore again tonight. Reporter: Tonight, five members of ercot's board of directors have resigned. The company that manages 90% of the energy grid in Texas under fire after massive blackouts during last week's vicious winter storm. The resignations coming on the same day residents filed a class-action lawsuit against the agency, alleging it "Failed to plan for the cold weather, despite multiple clear warnings." I seriously wanted to cry. Reporter: Arlington resident Ty Williams first told us about their 17,000 bill for just five days of electricity. This is beyond sticker shock. I'm floored. Reporter: Texas allows power companies to charge variable pricing, which keeps prices low when demand is low, but prices can spike astronomically when demand goes up. Tonight, he tells us that bill is now past due and he still can't get ahold of his power sxee. David, Texas lawmakers are expected to begin holding hears on Thursday to discuss the blackouts and what to do about the high bills. David?

This transcript has been automatically generated and may not be 100% accurate.

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