Stay updated with breaking news from Deann Walker. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Folding to the many calls for the ouster of its power grid manager, Texas has fired the official following the deadly blackouts in February which left millions of people without heat and electricity amid the subfreezing temperatures for several days.
Updated / Thursday, 4 Mar 2021 18:40 Last month's storm killed dozens of people, left millions without electricity and water and caused billions of dollars in damage The polar vortex storm that plunged the US state of Texas into chaos continues to reverberate through the state's power grid operator, which fired its chief executive as Congress launched an investigation into its failures. The cost of last month's storm, which killed dozens of people, left millions without electricity and water and caused billions of dollars in damage has prompted ratings agencies to downgrade the debt of Texas...
The 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.
Bill Magness is the latest official to depart following the winter storm catastrophe.
HOUSTON — The Electric Reliability Council of Texas decided to force out its chief executive Wednesday after the agency, which controls the flow of electricity through much of the state, became the target of blame and scorn for widespread outages during last month’s winter storm. The impending departure of the executive, Bill Magness, is the storm’s latest fallout, with lawmakers vowing to hold officials accountable and overhaul the power system. The leader of the state’s utility regulator, the Public Utility Commission, bowed to mounting pressure by resigning Monda...