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Fired ERCOT CEO Bill Magness says he will not seek, accept severance pay By FOX 7 Austin Digital Team Published  AUSTIN, Texas - ERCOT President and CEO Bill Magness has told the ERCOT Board of Directors that he will not seek or accept severance pay, according to the agency. In accordance with his employment agreement, his severance pay would have been equivalent to one year of his current base salary, which is more than $800,000. Earlier this week, the ERCOT board of directors voted to fire Magness, effective in 60 days. According to a statement from the board, Magness will continue to...

Texas' power grid manager was fired Wednesday amid growing calls for his ouster following February's deadly blackouts that left millions of people without electricity and heat for days in subfreezing temperatures.

Bill Magness, the CEO of Texas' electric grid operator ERCOT, was fired from his post following the deadly power outages.

AUSTIN, Texas - Texas' power grid manager was fired Wednesday amid growing calls for his ouster following February's deadly blackouts that left millions...

Approaching ouster of Bill Magness comes after last month's outages left millions without power and head in frigid temperatures.