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The Electric Reliability Council of Texas CEO Bill Magness was removed from his post Wednesday. He informed the organization he will not accept his $800,000 severance.
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Fired ERCOT leader refuses more than $800,000 severance pay in storm aftermath ERIN DOUGLAS, The Texas Tribune March 5, 2021 FacebookTwitterEmail Bill Magness, the Electric Reliability Council of Texas CEO who was terminated by his board Wednesday, said he will not seek or accept severance pay, according to a spokesperson. He would have been owed more than $800,000, his contract shows. The board for the nonprofit entity that operates and manages the electricity grid that covers much of Texas voted Wednesday in favor of his 60-day termination notice. Magness was terminated without cause, a spo...
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A subcommittee of the Electric Reliability Council of Texas that focuses on “critical assets” and compliance will hold a meeting on Friday morning.
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Texas utility regulators have rejected a recommendation that they reverse about $16 billion in overcharges for wholesale electricity that were racked up...