Texas chose not to be involved in interstate commerce and therefore regulated by the FERC. So Texas remains 'isolated' from the so called national grid. The DC ties mean that the Texas grid is not synchronized with the national grid and so does not fall under the definition of interstate commerce and FERC jurisdiction.
You are correct. Texas law prohibits ERCOT from interconnects agreements. There was a magor scandal and a long court fight because of the "midnight interconnect" between a Texas power plant and Oklahoma. This nearly brought Texas into the Federal net, but alas, it was not to be.
My brother was the CEO of the Midwest RO (MAPP COR) for years before it merged into the Mega RO. Texas did not want "the feds in their grid" and it had been that way for decades. So when the grid ROs were set up, Texas passed, but not all of Texas because parts were in other ROs.
Texas had to come up with standards for the grid, so the adopted the NERC standards. If this sounds like a head scratcher, it gets better. By adopting the NERC standards, it needed enforcement and compliance.... so the chose NERC. Waaaaa? Yep, to keep the feds away they set up their own grid and now has the feds (sort of) regulating them.
Reliability standard violations are up to $1 million per violation per day. This might get expensive.
The problem with the current Charlie Foxtrot was there was power available, but not for Texas. You really can't blame ERCOT or the local power companies too much (well you can still blame them for a lot), but when the Texas Lege ties your hands, blinds you, and gags you when you try to get outside help, what can you do? The root cause of the problem is the Texas Lege and the myth of Texas exceptionalism.
Current media reports, which I am sure like all initial reports of any emergency are subject large change as more detailed investigations occur, tell the story that the initial delta between supply and demand was 2 gigawatts. It got worse after that.
Texas needs to join the rest of US and Canada so we don't have ERCOT threatening to tank the entire US economy because the Texas Lege wants to show how independent Texas is.
here is a good, enjoyable short read about why Texas has its own grid from the independent (nonprofit and created by a bipartisan group) and always readable Texas Tribune.. It is the "go to" news source for Texas Politics.
Texplainer: Why does Texas have its own power grid?