A non-Texan will be the new ERCOT president and CEO. The Public Utility Commission of Texas approved the selection of Pablo Vegas on Tuesday.. The former ERCOT CEO was fired in the aftermath. About 18 months later, a new leader of Texas' main power grid operator has been selected.
"With NiSource, just a very different market, they're in PJM which is a 14-state capacity market, a very different resource mix, so it's going to be interesting what of his experience that sort of translates into Texas," Lewin said.Governor Greg Abbott's level of involvement in the search for a new CEO for ERCOT and the nonprofit's public communications have surprised a number of sources, according to the Texas Tribune.
"Costing customers, when you add in all the ancillary services, it's probably closer to 3 billion than it is to 2, so that's a really big problem," Lewin said.
Source: Energy Industry News (energyindustrynews.net)
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