ERCOT CEO Bill Magness Voted Out By Board Of Directors
The Board of Directors for the Electric Reliability Council of Texas voted 6-1 Wednesday night, March 3, to give the CEO 60 days notice per his contract.
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The Board of Directors for the Electric Reliability Council of Texas voted 6-1 Wednesday night, March 3, to give the CEO 60 days notice per his contract.
Inquiries into the electricity blackouts during the February storms in Texas have now moved to Washington. The House Oversight Committee is investigating the agency that operates the grid in the state.
It is the largest and oldest power cooperative in Texas and now, after the devastating February winter storms, is filing Chapter 11 bankruptcy. Officials with Brazos Electric say it was a "financially robust, stable company" before the winter blast hit.
More than half a million Texans are still under boil water notices, or have no water at all because of burst pipes, more than a week after a deadly winter storm moved through the state.
Griddy's customers are now being switched to other electric providers.
"I want to say that I completely understand all the outrage and anger of all Texans," said Oncor CEO Allen Nye.
For the second day in a row, members of the Electric Reliability Council of Texas (ERCOT) are being grilled by lawmakers in Austin about the state power grid and the blackouts that left Texans in the cold and dark, and cost some their lives.
The State House and State Senate began separate hearings at 9:00 a.m. that ran well into the evening on Thursday.
One of the emerging response to a winter weather catastrophe in Texas, that caused one of the worst power outages in U.S. history, is unusual for the Lone Star State: calls for more regulation.
Today state lawmakers will begin their investigation into the Electric Reliability Council of Texas (ERCOT) and the massive power failure that left millions of Texans in the dark and without heat.
ERCOT's CEO Bill Magness told board members Wednesday that the company did all it could to prevent a catastrophic blackout.
"Tragic does not even begin to describe the devastation and suffering you endured over the past week," said Gov. Abbott. "Too many of you were shivering in your own homes, no power, no heat, no water."
Five members of the Electric Reliability Council of Texas (ERCOT), including the board chairman and board vice chairman, are resigning effective Wednesday, Feb. 24.
Two severe winter storms featuring snow, ice, and bitter cold temperatures statewide resulted in millions of Texans without electricity, heat, and clean water.
It was a failure. Millions of Texans were left without power at a time when they needed it the most. While the winter storms like those that hit Texas last week are rare, it's not out of the question that it could happen again.
That decision, many legal experts believe, lies with the Texas Supreme Court.
As of Monday nearly 16,000 Texans across the state were still without power. But when those residents join the hundreds of thousands who have had service restored they could be facing another crisis: astronomical electricity bills.
"We're going to sign that declaration once it's in front of me and God willing, it will bring a lot of relief to a lot of Texans," said President Biden.
The winter storms knocked out power to more than 4 million Texans, but it is mostly back on now.
ERCOT has officially ended emergency conditions and they are back to normal operations. This means Texans are no longer asked to conserve energy.
ERCOT -- Texas' electric grid operator -- say the system has returned to normal for the first time since a winter storm knocked out power to more than 4 million customers.
As of Friday morning Feb. 19, there are 27,000 remaining outages from the cold weather and lack of generation impacts experienced earlier this week.
After some four days of many Texans living in the dark and cold, the Electric Reliability Council of Texas (ERCOT) announced that it expects to come out of emergency conditions Friday morning.
Hundreds of thousands of North Texans who lost power for days after deadly winter weather overwhelmed the electric grid now have it back, but the crisis is far from over because many people in the state, and across the South, lack safe drinking water.
Governor Greg Abbott declared a new legislative emergency: He wants state lawmakers to require the winterization of the state's power system, and for them to provide funding to make it happen.
