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ERCOT Board:

    AUSTIN, Texas (CBSDFW.COM) – House Speaker Dade Phelan announced the first phase of the House’s legislative reforms to protect consumers and strengthen the state’s electric grid after last week’s marathon hearings examining the collapse of its electric infrastructure. “I am proud the Texas House is leading the charge in protecting consumers, fortifying our grid, and creating clear lines of communication and authority during extreme weather events,” Phelan said in a statement. “We must take accountability, close critical gaps in our system, and prevent these breakdowns from ever happening again.” READ MORE: CDC Issues First Set of Guidelines On How Fully Vaccinated People Can Visit Safely with Others Here are the seven bills members of the Texas House have filed and will file the following legislation: HB 10 – Reforming Energy Reliability Council of Texas Leadership (Paddie) HB 10 restructures the ERCOT board, replacing the unaffiliated members with members appointed by...
    AUSTIN, Texas (CBSDFW.COM) – ERCOT announced Thursday night, March 4, ousted CEO Bill Magness told board members he will not seek or accept a severance package. He makes more than $800,000 a year. Magness’ firing is fallout from the Texas power grid failure during winter storms and historically frigid temperatures two weeks ago. On Wednesday, the Board of Directors for the Electric Reliability Council of Texas voted 6-1 to give the CEO 60 days notice per his contract. The ERCOT Board of Directors released the following statement after that meeting: ­­­­­­­­­­­­“The ERCOT Board of Directors met this evening and directed the Corporate Secretary to exercise the 60 days’ termination notice to ERCOT President and CEO Bill Magness pursuant to the employment agreement with ERCOT. During this transition period, Bill will continue to serve as President and CEO and work with state leaders and regulators on potential reforms to ERCOT. The...
    The Electric Reliability Council of Texas (ERCOT) voted to terminate its CEO following the failures of the state’s electrical grid during the February winter storm. Millions of Texas were left in the dark and cold while dozens died from the frigid conditions. The ERCOT Board of Directors voted six-to-one to fire CEO Bill Magness from his job as head of the organization, the Austin American-Statesman reported Wednesday night. The board handed down a 60-day notice of termination. Texas Observer reported Magness draws an annual salary of $876,334 — just over $73,000 per month. His two-month notice of termination is worth nearly $150,000. During his testimony before the legislature, Magness put the number at $803,000 “During this transition period, Bill will continue to serve as President and CEO and work with state leaders and regulators on potential reforms to ERCOT,” according to a statement from the ERCOT board. “The ERCOT Board is expected to...
    (CNN)Following widespread power outages during a series of winter storms that left many Texas residents in the dark for days, the head of the organization overseeing the state's power grid has been fired. Bill Magness, president and CEO of Electric Reliability Council of Texas (ERCOT), was terminated from his contract by the organization's board of directors after an emergency meeting Wednesday night. In a statement sent to CNN, ERCOT says the board "directed the Corporate Secretary to exercise the 60 days' termination notice" to Magness pursuant to the employee agreement. He will continue to serve as president and CEO during this transition period, the statement said. Five board members had earlier resigned after the storms. ERCOT expects to start an immediate search for a new president and CEO, the statement said. The next ERCOT board meeting is currently scheduled for April 13.
    AUSTIN, Texas (CBSDFW.COM) – ERCOT CEO Bill Magness being replaced. The Board of Directors for the Electric Reliability Council of Texas voted 6-1 Wednesday night, March 3, to give the CEO 60 days notice per his contract. An executive search firm will be hired to find a replacement. Magness’ ouster is fallout from the Texas power grid failure during winter storms and historically frigid temperatures two weeks ago. Public Utilities Commission of Texas Chair DeAnn Walker resigned on Monday, March 1.  
    The chairman of the Energy Reliability Council of Texas (ERCOT) and four other board members resigned in the aftermath of the failure of the power grid to deliver electricity to millions of residents during the winter storm. The five board members, who do not live in Texas, came under pressure to resign after more than 4.5 million electric customers were left in the cold and dark during the historic freeze. “When Texans were in desperate need of electricity, ERCOT failed to do its job and Texans were left shivering in their homes without power,” Texas Governor Greg Abbott said in response to the resignations. “ERCOT leadership made assurances that Texas’ power infrastructure was prepared for the winter storm, but those assurances proved to be devastatingly false.” The governor said the organization’s lack of preparedness and transparency was “unacceptable.” The ERCOT board came under criticism after the winter storm not only...
    The top board members of Texas's Electric Reliability Council of Texas (ERCOT) announced that they would resign from their posts on Wednesday after a deadly winter storm system left millions without power amid subzero temperatures. In a Tuesday letter to their fellow board members -- there are 16 in total -- Chairwoman Sally Talberg and vice chairman Peter Cramton, Terry Bulger and Raymond Hepper wrote that their "hearts go out to all Texans" who had to go without electricity, heat, water, and "face the tragic consequences of this emergency."  TEXAS UTILITY CUSTOMER FILES $1B LAWSUIT AGAINST GRIDDY AFTER ELECTRIC BILL TOPS $9,000 "We have noted recent concerns about out-of-state board leadership at ERCOT. To allow state leaders a free hand with future direction and to eliminate distractions, we are resigning from the board effective after our urgent board teleconference meeting adjourns on Wednesday, February 24, 2021," they said.  The group said it wants what is best for...
    THE Texas power grid was a mere four minutes and 37 seconds away from collapsing for a week or longer during the recent devastating winter storm.  It would have meant “total collapse” and a statewide blackout, Electric Reliability Council of Texas (ERCOT) officials revealed at an emergency board meeting on Wednesday.  3ERCOT CEO Bill Magness said the Texas blackouts during the winter storm were 'devastating'Credit: Getty Images - Getty “This was a devastating event," ERCOT CEO Bill Magness said in his opening statement, according to KHOU 11. "Power is essential to civilization.” ERCOT officials were able to prevent the statewide blackout by implementing controlled outages. Winter Storm Uri last week took 365 generators offline, which was almost double the outages that the Lone Star State experienced in its last massive winter storm back in 2011.  3If the power grid had gone out, Texans would have been without power for at least...
    AUSTIN, Texas (CBSDFW.COM) – As the first winter storm blew across Texas last week, ERCOT’s CEO Bill Magness told board members Wednesday, Feb. 24 that the company did all it could to prevent a catastrophic blackout. Had that happened, Magness repeated what he has told reporters during the last week: most of the state could have remained without power for weeks, if not longer. READ MORE: Texas Public Utility Commission Investigating Wholesale Rate Electric Providers In Wake Of Skyrocketing Electricity Bills One board member who ultimately resigned, Vice Chair Peter Cramton, compared the situation to an airline pilot whose plane is in trouble. “ERCOT was flying a 747. It had not one, but two engines experience catastrophic failure and flew the damaged plane for 103 hours before safely landing in the Hudson. In my opinion, the men and women in the ERCOT control room are heroes.” Cramton was one of...
    Four board members of Texas' power grid operator have announced their plans to resign in the wake of a severe winter storm that left millions of Texans without power for days and led to at least 31 deaths in the state. Texas Governor Greg Abbott has repeatedly blamed the Electric Reliability Council of Texas (ERCOT) for the power failures, and has called for an investigation into the council.  In a letter to the board, the resigning members cited concerns about their "out-of-state board leadership." Three of the resigning board members live in other states, and one lives in another country.  "We have noted recent concerns about out-of-state board leadership at ERCOT," the letter said. "To allow state leaders a free hand with future direction and to eliminate distractions, we are resigning from the board effective after our urgent board teleconference meeting adjourns on Wednesday, February 24, 2021." The resigning...
    Enlarge Image Brendan Waldon repairs a utility pole that was damaged by the winter storm that passed through Texas on Feb. 18, 2021, in Odessa, Texas. Eli Hartman/Odessa American via AP Four board members of Texas’ power grid operator announced Tuesday they will be resigning — a week after millions of residents experienced blackouts during a historic winter storm that brought record freezing temperatures. Sally Talberg, the chairwoman of the board at Electric Reliability Council of Texas or ERCOT, vice chairman Peter Cramton, Terry Bulger, the chairman of finance and audit, and Raymond Hepper, the human resources and governance committee chairman, will resign at the end of a board meeting Wednesday morning, according to a letter posted on the Public Utility Commission of Texas’ website. The board members faced backlash after it was revealed they all live out of state. “We have noted recent concerns about...
    A Texas prosecutor is opening a criminal investigation into whether any person or entity should face criminal charges for last week's deadly power outages. José Garza, the District Attorney for Travis County - which includes Austin, told KVUE that the investigation will be handled by his office's public integrity unit.   'Lives were lost, homes were lost, and it will take weeks, months and – in some cases – years for some people to be made whole again,' Garza told KVUE.  'We will not forget the horror our community experienced.'  Garza did not indicate if the Electric Reliability Council of Texas, which manages the state's power grid, would be targeted by the investigation. Travis County District Attorney Jose Garza is launching a criminal investigation into the power outages in Texas After a snowstorm hits the state of Texas, millions were left without power after ERCOT chose to use rolling...
    Four leading board members of the Electric Reliability Council of Texas (ERCOT) announced they will resign Wednesday as the electric grid operator faces scrutiny for its role in statewide power outages that occurred last week during a winter storm. ERCOT board chair Sally Talberg, vice chair Peter Cramton, finance and audit chair Terry Bulger and human resources and governance committee chair Raymond Hepper will resign during an ERCOT board meeting Wednesday, according to a notice filed with the Public Utility Commission of Texas (PUC). Board member nominee Craig Ivey was expected to fill a vacant position on the board but has withdrawn his application, ERCOT attorneys mentioned in Tuesday’s notice. At least 4 members of ERCOT board of directors indicate their intent to resign after Wednesday’s board meeting, citing “recent concerns about out-of-state board leadership…” Comes 2 days before ERCOT will be questioned by lawmakers over statewide power outages. #txlege...
    Four board members of Texas' power grid operator have announced their plans to resign in the wake of a severe winter storm that left millions of Texans without power for days and led to at least 31 deaths in the state. Texas Governor Greg Abbott has repeatedly blamed the Electric Reliability Council of Texas (ERCOT) for the power failures, and has called for an investigation into the council.  In a letter to the board, the resigning members cited concerns about their "out-of-state board leadership." Three of the resigning board members live in other states, and one lives in another country.  "We have noted recent concerns about out-of-state board leadership at ERCOT," the letter said. "To allow state leaders a free hand with future direction and to eliminate distractions, we are resigning from the board effective after our urgent board teleconference meeting adjourns on Wednesday, February 24, 2021." The resigning...
    Five board members of the company that operates Texas electricity grid will resign after millions of customers lost power during last weeks severe winter storm.  The Electric Reliability Council of Texas notified the Public Utility Commission that its board chair, vice chair, finance and audit chair, and human resources and governance committee chair will step down Wednesday, The Texas Tribune reported. Those four "unaffiliated positions" require the office holders remain independent of any business ERCOT oversees. In addition, ERCOTs market segment director, and the person slated to fill a vacant position withdrew his application. All six individuals reside outside of Texas. Board chair Sally Talberg lives in Michigan, and vice chair Peter Cramton lives in Germany. Officials last week said personal information about the directors had been removed from the ERCOT website after board members were being harassed. Out-of-state board members were singled out by many residents. The board was criticized for its handling of...
    AUSTIN, Texas (AP) — Top board leaders of Texas’ embattled power grid operator said Tuesday they will resign following outrage over more than 4 million customers losing electricity last week during a deadly winter storm, including many whose frigid homes lacked heat for days in subfreezing temperatures. The resignations are the first since the crisis began in Texas, and calls for wider firings remain in the aftermath of one of the worst power outages in U.S. history. All of the four board directors who are stepping down, including Chairwoman Sally Talberg, live outside of Texas, which only intensified criticism of the Electric Reliability Council of Texas. The resignations are effective Wednesday — a day before Texas lawmakers are expected to sharply question grid managers and energy officials about the failures during hearings at the state Capitol. A fifth board member also resigned, and a candidate for a director position who...
    All four out-of-state board members of the Texas power grid operator submitted their resignations after millions of people lost power during last week’s major snowstorm. Sally Talberg, board chairwoman; Peter Cramton, vice chairman; Terry Bulger, finance and audit chairman; and Raymond Hepper, human resources and governance committee chairman, will resign at the end of the Electric Reliability Council of Texas board meeting on Wednesday, according to a notice from the Public Utility Commission of Texas posted on Tuesday. “We have noted recent concerns about out-of-state board leadership at ERCOT. To allow state leaders a free hand with future direction and to eliminate distractions, we are resigning from the board effective after our urgent board teleconference meeting adjourn,” the four said in their resignation letter to ERCOT board members, which was also posted by the commission. TEXAS ATTORNEY GENERAL LEFT STATE FOR UTAH DURING HISTORIC WINTER STORM The...
    More On: texas Texans emerge from deep freeze only to face astronomical energy costs Biden, first lady will travel to Texas this week to review storm damage TikTokers pushing Texas conspiracy theory Heidi and seek: Ted Cruz’s wife wants to know who leaked those texts Four board members of Texas’ power grid operator announced Tuesday they will be resigning — a week after millions of residents experienced blackouts during a historic winter storm that brought record freezing temperatures. Sally Talberg, the chairwoman of the board at Electric Reliability Council of Texas or ERCOT, vice chairman Peter Cramton, Terry Bulger, the chairman of finance and audit, and Raymond Hepper, the human resources and governance committee chairman, will resign at the end of a board meeting Wednesday morning, according to a letter posted on the Public Utility Commission of Texas’ website. The board members faced backlash after it was...
    By Paul J. Webber | Associated Press AUSTIN, Texas — Four board leaders of Texas’ embattled power grid operator said Tuesday they will resign following outrage over more than 4 million customers losing power during a deadly winter freeze last week. All of the board directors stepping down, including Chairwoman Sally Talberg, live outside of Texas, which only intensified criticism of the Electric Reliability Council of Texas. The resignations are effective Wednesday, a day before Texas lawmakers are set to begin hearings over the outages in the state Capitol. The board members acknowledged “concerns about out-of-state board leadership” in a letter to grid members and the state’s Public Utility Commission, which oversees ERCOT. “Our hearts go out to all Texans who have had to go without electricity, heat, and water during frigid temperatures and continue to face the tragic consequences of this emergency,” the letter read. The other...
    Four board members of the Electric Reliability Council of Texas (ERCOT) are resigning after backlash to their out-of-state residency status. ERCOT sent a notice to the Public Utility Commission saying their board chair, vice chair, finance and audit chair and human resources and governance committee chair will be stepping down from their positions on Wednesday, The Texas Tribune reported. “The Board Chairman, Board Vice Chairman and both Committee Chairman leadership roles will be vacant,” the notice says. The positions will not be immediately filled, according to The Texas Tribune.  The Hill has reached out to ERCOT for comment. Only out-of-state board members have stepped down from their positions amid mounting public pressure as many question why ERCOT had top officials who do not live in Texas. Vice chair Peter Cramton lives in Germany, and board chair Sally Talberg lives in Michigan, according to The Texas Tribune. The residency of finance and audit chair Terry...
    AUSTIN, Texas -- Four board leaders of Texas' embattled power grid operator said Tuesday they will resign following outrage over more than 4 million customers losing power during a deadly winter freeze last week.All of the board directors stepping down, which included Chairwoman Sally Talberg, live outside of Texas, which only intensified criticism of the Electric Reliability Council of Texas.The resignations are effective Wednesday, a day before Texas lawmakers are set to begin hearings over the outages in the state Capitol.SEE ALSO: Gov. Greg Abbott calls on ERCOT leadership to resign during one-on-one interviewREAD: Public notice to the Public Utlity Commission
    (CBSDFW.COM) – Four members, including the board chairman and vice chairman, of the Electric Reliability Council of Texas board are resigning effective Wednesday, Feb. 24. The resignations follow power outages that left millions of Texans in the cold for days during one of coldest winter blasts in decades. READ MORE: Gov. Abbott Sets Special Election Date To Fill Late North Texas Congressman Ron Wrights Seat According to a filing on Tuesday, Feb. 23, “ERCOT hereby provides notice that all four Unaffiliated Directors currently serving on the ERCOT Board – Sally Talberg (Board Chairman), Peter Cramton (Board Vice Chairman), Terry Bulger (Finance and Audit Committee Chairman) and Raymond Hepper (Human Resources and Governance Committee Chairman) – are resigning, effective upon the adjournment of the February 24, 2021… ERCOT further notifies the Commissioners that, effective February 23, 2021, Craig S. Ivey, whose application intended to fill the sole prior Unaffiliated Director vacancy...
    Power companies in Texas didn’t winterize their plants like they were told to 10 years ago, leading to the crisis in Texas, says Rep. Louie Gohmert, R-Texas. “Texas’ big problem was they were using resources to move toward solar and wind and did not weatherize their plants. Ten years ago, Texas was told in a report, ‘you’ve got to weatherize your plant,’ but the emphasis was getting kudos from people like (Chuck) Schumer and having more and more intermittent types of power,” Gohmert said Monday during an appearance on Newsmax TV’s “John Bachman Now.” Texas Attorney General Ken Paxton last Friday issued Civil Investigative Demands to the Electric Reliability Council of Texas (ERCOT), which oversees the electrical grid in Texas, and other power companies. The Federal Energy Regulatory Commission and the North American Electric Reliability Corporation in 2011 found Texas power generators were “reactive as opposed to being proactive in...
    The organization responsible for managing the flow of electricity from producers to 26 million Texas customers removed the names of its board members from its website. The removal follows threats against the leadership of the organization. The Electric Reliability Council of Texas (ERCOT) removed the names of its Board of Directors from its website, according to a report from KTRK ABC13 in Houston. A spokesman for the group said the removal is due to threats being received from board members and senior leadership. KTRK reported ERCOT removed the names and replaced them with the term, “Vacant.” Officials responded and said no one has resigned from the organization. They just took the names down because of threats over the anger about widespread long-lasting power outages during the historic winter storm. At the peak, more than 4 million Texans lost electricity during the storm. Some outages lasted for days. According to PowerOutage.us,...
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