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Fired Texas electric grid chief refuses $800,000 severance package - Vimarsana News

Fired Texas electric grid chief refuses $800,000 severance package

Former President and CEO of the Electric Reliability Council of Texas (ERCOT) Bill Magness refused his hefty severance package Thursday after being fired from the agency still reeling from last month’s catastrophic winter storms that left millions without power.

Some lawmakers investigating power grid failure received campaign contributions from power companies - Vimarsana News

Some lawmakers investigating power grid failure received campaign contributions from power companies

Some lawmakers investigating power grid failure received campaign contributions from power companies Tags:  Remember those 24 Texas House lawmakers demanding answers with the cameras rolling last week in Austin? The fiery hearings had intriguing questions and answers involving the CEO’s of CenterPoint and Vistra -- two companies that have provided thousands in campaign contributions to some of those lawmakers. Full Screen1 / 17 These images from documents show the campaign contributions made to lawmakers by power companies. In fact, analysis by KPRC 2 Investigates found that 13 members in ...

ERCOT overcharged power buyers by $16 billion amid calamity, monitor says - Vimarsana News

ERCOT overcharged power buyers by $16 billion amid calamity, monitor says

An independent monitor says ERCOT left high prices in place for too long during the grid calamity.

Source: msn.com
Many Power Plants Did Not Meet Winter Recommendations in Past Seasons - Vimarsana News

Many Power Plants Did Not Meet Winter Recommendations in Past Seasons

NBC 5 Investigates has uncovered new information showing, in recent years, many Texas power plants that were spot-checked by ERCOT did not meet all of the power...

Source: nbcdfw.com
ERCOT CEO Refuses $800K Payout Following Firing - Vimarsana News

ERCOT CEO Refuses $800K Payout Following Firing

The recently ousted CEO of the entity that maintains and operates much of Texas's electricity grid has told its board of directors he will not accept