Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Texas
Related: About this forumCEO of Texas power grid operator "terminated" in aftermath of winter storm
by Erin Douglas and Mitchell Ferman, Texas TribuneThe board overseeing the Electric Reliability Council of Texas, the independent nonprofit entity that operates and manages the electricity grid that covers much of Texas, fired ERCOT CEO Bill Magness Wednesday night.
The move by the board to vote in favor of a "60-day termination notice" came after they convened in a private executive session for more than three hours. The board barely discussed its decision once returning to the public session.
The decision is the latest of several recently announced departures from the ERCOT board, which also included Magness. Seven board members resigned after public criticism that many board members did not reside in Texas.
Magness' absence will leave the 16-person ERCOT board with a mix of vacancies and temporary members. Both ERCOT and the Public Utilities Commission of Texas, the regulatory body that oversees it, have been lambasted in recent weeks for failures in preparing for and responding to the winter storm that left millions of people in the dark for days and claimed the lives of dozens.
Read more: https://www.texastribune.org/2021/03/02/ercot-texas-bill-magness/
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
3 replies, 581 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (1)
ReplyReply to this post
3 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
CEO of Texas power grid operator "terminated" in aftermath of winter storm (Original Post)
TexasTowelie
Mar 2021
OP
Not having the electricity shut off at his residence the next time the grid is about to go down.
TexasTowelie
Mar 2021
#2
dweller
(23,720 posts)1. Wonder what
his exit compensation package was ?
🤔
✌🏻
TexasTowelie
(112,810 posts)2. Not having the electricity shut off at his residence the next time the grid is about to go down.
That sarcastic remark was not intended towards you.
TwilightZone
(25,542 posts)3. It's a non-profit.
So possibly not as much as one might expect, though that's just a guess.
He made $883K in 2018. By comparison, the CEO of PG&E in California (a bit of an apples to oranges comparison, but a noteworthy one) made about $9 million in '18.