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Former ERCOT CEO Bill Magness refuses more than $800,000 in severance pay after destructive winter storm


Bill Magness, the Electric Reliability Council of Texas CEO who was terminated by his board Wednesday, said he will not accept more than $800,000 in severance pay, according to an ERCOT spokesperson.
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 spokesperson said. According to the terms of his employment contract, his severance pay would have been equivalent to one year of his current base salary, which is more than $800,000.
Both ERCOT and the Public Utility Commission of Texas, the regulatory body that oversees it, have been lambasted in recent weeks for failures in preparing for and responding to the winter storm that left millions of people in the dark for days and claimed the lives of dozens of Texans. ....

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Weather-related deaths in Tenn. increase to 8 during winter storms


Weather-related deaths in Tenn. increase to 10 during winter storms
Dan Blommel/WTVF
and last updated 2021-02-20 15:17:30-05
NASHVILLE, Tenn. (WTVF) — A total of ten Tennesseans have died as a result of this week s winter storm.
The Tennessee Department of Health reported the increase in weather-related deaths Saturday:
Shelby County: 4
Overton County: 1
Thankfully, the snow has ended and temperatures are expected to warm up this weekend, helping the mid-state thaw out.
As of Friday afternoon, power outages were down to about 7,000 customers with the Upper Cumberland Electric Membership Corporation having the most outages. UCEMC officials expect full restoration to take several days. ....

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